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What are Digital Twins and How Can They Drive Warehouse Efficiency?

Logistics Viewpoints

The concept of digital twins has emerged as a powerful foundational tool to drive improvements in warehouse productivity and efficiency. In the warehouse context, a digital twin can be created to represent the physical layout, inventory, equipment, and workflows of a warehouse. Physical change (i.e.,

Modeling 236
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Inventory Management Excellence: Some Companies to Learn From

Logistics Bureau

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? At that point, each SKU will be taken to any convenient storage location in the warehouse.

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The Evolving Warehouse: Prepare Your Warehouse for Disruption

Logistics Viewpoints

Construction of manufacturing plants and new warehouse sites were also postponed or canceled entirely due to market uncertainty. According to the CBRE Global E-commerce Outlook 2021 report , e-commerce growth will require another 330 million square feet of warehouse space in the United States by 2025.

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10 Inventory Control Techniques That Are Evergreen

SCMDOJO

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

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When It Comes To Excess Inventory, Prevention Is Better Than Cure

ToolsGroup

Excess inventory – it’s taking up your warehouse space, tying up working capital, and limiting your planning team’s range of motion. It’s time to Marie Kondo your supply chain by eliminating excess inventory and learning how to avoid it in the first place. Let’s talk about: What Excess Inventory Is.

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Optimize Material Flow in Medical Device Manufacturing

DELMIA Quintiq

Key challenges include balancing growth and market share over a five-year trajectory, coping with labor shortages, tackling ongoing supply chain disruptions, inefficient paper-based tracking, and struggling with poor inventory management and limited visibility.

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What is Inventory Replenishment & Why Does it Matter?

Unleashed

Inventory replenishment is reordering stock in the right quantities, at the right time. Too much inventory can increase costs, limit cash flow, and leave you with expired stock. In this inventory replenishment guide: What is inventory replenishment? Bulk buying can also provide leverage for discounted delivery costs.