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Your Expert Guide to Inventory Audits: Best Practices & Tips 

ShipBob

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?

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The Impact of Collaborative TMS on Supply Chains Bottom Line

Turvo

It is a new shipper-carrier collaboration approach to enhance supply chain visibility, reducing transit times, and inventory-carrying costs for retailers and suppliers while improving carrier asset utilization levels. . As a result, there is often excessive inventory and under-utilized carrier capacity. It saves time and labor hours.

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Ecommerce Logistics: From Your Site to Their Doorstep

ShipBob

Now more than ever — at a time when people are choosing online over in-store to adhere to social distancing practices — the communicated speed at which consumers will receive their orders can play a deciding role in whether they choose to buy from your online store or a competitor’s. What is ecommerce logistics? Warehousing and storage.

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26 logistics professionals reveal the biggest trends in logistics technology

6 River Systems

AI will be able to survey an area or room and create an accurate inventory in seconds, including weights and volumes, and determine damage on items. Companies can accurately forecast demand, timely order raw materials and manage inventory more efficiently. Marc Tuinier. Abbas Dhilawala. Abbas Dhilawala is the CTO of Galen Data.

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36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Bed Bath & Beyond is also implementing inventory reduction strategies and is on track for a 5% reduction year-over-year by the end of the current fiscal year.

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28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

All of the above (and other down-stream KPIs and processes) are heavily influenced by the accuracy of a demand forecast: if the demand forecast is much more accurate, a company is more likely to have the right product, in the right quantities in inventory and will have less of the products in inventory that is not required. Louis, M.S.

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This Week in Logistics News (February 27 – March 3, 2017)

Talking Logistics

Boston startup raises $10M for retail software that predicts inventory needs (Boston Business Journal). Freightos unveils beta launch of international freight price index (American Shipper). 2016 North American Freight Numbers. Trump administration re-evaluating self-driving car guidance (Reuters).