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Inventory Distortion Will Cost Retailers $1.77 Trillion in 2023. Here’s How Blue Yonder Can Help.

BlueYonder

What’s the real cost of inaccurate inventory management? IHL Services, a global research and advisory firm, estimates that inventory distortion — the combined cost of lost sales from out-of-stocks, along with the deep discounts required to sell overstocks — will drive a $1.77 trillion problem of inventory distortion.

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US Food Manufacturing Success: Outsourcing MRO Supply Chain

Synovos

They were a new company that had taken over an existing manufacturing plant and lacked the infrastructure needed to keep the facilities in good working order, whether that was buyers to order parts or an accounts team to manage the purchasing process. Not having to manage the indirect procurement process retains advantages for the client.

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Supply Chain Innovation: How to Build an Award-Winning Supply Chain

ToolsGroup

Last month, Lennox Residential was runner-up in the 2015 Council of Supply Chain Management Professionals (CSCMP) Supply Chain Innovation competition, arguably the top supply chain award in North America. With the transformation, Costa also added a new logistics partner, IT system, and purchasing process - all simultaneously.

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Cross Border eCommerce – Key to Successful Entry in North America

Vinculum

When seller brands dream of penetrating the international e-commerce markets, they usually picture North America – and they have justifiable reasons for this: As of 2018, the average revenue per online shopper is the highest for the United States. Books, movies, music, video games (excluding downloads). The land of e-commerce.

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Now or Never: Why Supply Chain Sustainability is Non-Negotiable in 2022

Locus

It is worth noting that North America has a much higher emission intensity than sub-Saharan Africa, despite Africa being significantly larger and housing more countries. Download our E-Book on Supply Chain Sustainability and Profitability with Green Logistics. Download Now! parts per million. Route Optimization.

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Retail Distribution Center Automation: 6 Factors to Consider

C3 Solutions

Download for later. Not only is e-commerce creating an onslaught of orders, but the choices of solutions available to fulfill those orders are also multiplying rapidly. Consumers are no longer bound by loyalty or geographic necessity in their purchase decisions. This article is part of our Retail Program. 20 Min Read.

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23 logistics professionals share the #1 way to reduce logistics costs

6 River Systems

From investing in smart automation solutions like collaborative mobile robots to improve warehouse productivity to route and supplier optimization and outsourcing logistics to a 3PL , there are several strategies that can help companies reduce logistics costs. We follow a stringent procedure to organize inventory in our warehouses.