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Inventory Management Solutions & Strategies [Ultimate Guide]

Unleashed

Without the right inventory management solutions in place, it’s almost impossible to maintain optimal stock levels, minimise costs, and improve overall efficiency – all of which are essential to ongoing business success. In this guide: What are inventory management solutions?

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What is Order Processing? How it Works & Key Methods

Unleashed

The first step in a standard order processing system is the verification of a customer order which often includes a check to confirm there is sufficient inventory available to fulfil the order. Tracking: Order tracking systems keep the customer updated on the journey of their purchase, ensuring transparency until the order is delivered.

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The Essential List of Logistics Acronyms and Abbreviations for Retailers

Locus

This blog delves into essential acronyms and abbreviations, from BOPIS to WISMO, that are pivotal for optimizing supply chains and elevating customer satisfaction. OTIF – On-Time In-Full On-Time In-Full (OTIF) is a key logistics metric that evaluates whether shipments are delivered completely and on schedule.

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5 Ways to Cope with Changing Logistics Demand in 2024

Locus Robotics

By Inés Alcántara, Senior Sales Engineer In an era marked by unpredictability and technological advancements, understanding and adapting to the changing demands of logistics is not just an option, but a necessity for success. There are five pivotal solutions and trends that are reshaping the logistics landscape.

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5 Ways to Cope with Changing Logistics Demand in 2024

Locus Robotics

Home January 02, 2024 5 Ways to Cope with Changing Logistics Demand in 2024 Inés Alcántara , Senior Sales Engineer In an era marked by unpredictability and technological advancements, understanding and adapting to the changing demands of logistics is not just an option, but a necessity for success.

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Supply Chain Visibility: A Precursor to Insight and Optimization

Talking Logistics

As digitization continues to modify the global supply chain landscape, its unprecedented data sources and solutions will lead to not only the demise of disparate information systems, but to the rise of true, end-to-end, supply chain visibility. Augment and Set Visibility Tools In Place. Improve lead times and performance.

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What is Vendor Managed Inventory (VMI)? Supply Chain Explained.

ThroughPut

Information Sharing The customer shares relevant data with the vendor, such as sales data, inventory levels, and forecasts, through electronic data interchange (EDI) or other automated systems. Performance Measurement The vendor and customer agree on performance metrics, such as inventory turnover, service levels, and cost savings.