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16 Cost Reduction Strategies in Inventory Management

Unleashed

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that

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Do Digital Your Way. Sidestep the Supply Chain Conquistadors

Supply Chain Shaman

In a recent research project, we found that 2/3 of companies had a digital supply chain transformation strategy; however, those that were evolving their strategy performed better during the early months of the pandemic than those that were “clear” on the project plan for a digital transformation. I know, a head-scratcher.

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Order Fulfilment Explained: Process, Strategies, & Tips

Unleashed

The order fulfilment process covers every step required to get goods to the people who purchase them, from the moment a customer places an order to when they receive their purchase. When an order is confirmed, the items need to be collected from inventory and packaged for shipment.

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Supply Visibility: More Important Than Ever. Yet Elusive.

Supply Chain Shaman

As a result, most projects are not clear in scope, with the implementation of visibility as a “functional extension to existing process” lacking a holistic outside-in approach/strategy to sense, respond, and act. Survey existing suppliers, third-party logistics providers and customers. Reflection.

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What Is Order Fulfillment and It’s Process and Strategies

Locus

So, knowing more about order fulfillment, its importance, process, and strategies is critical. If customers do not receive their orders on time, they won’t buy from that company again. Also, it allows companies to track, refill, and manage their inventory levels. Let’s fill in! What is Order fulfillment?

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How to Measure & Optimize Inventory Health For Ecommerce Success

ShipBob

The success of any ecommerce business depends greatly on how it manages its inventory health. Now, for some, inventory health may not be an immediate concern. You might say, “I’ll just order plenty of inventory and wait until it sells out.” What is inventory health?

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Navigating the Challenge of Dwell Time in E-commerce Logistics

Stord

Customer satisfaction hinges on more than just the quality of the products purchased; it's also deeply influenced by the efficiency and reliability of the delivery process. When customers hit 'purchase,' they're not just buying a product; they're buying an experience — one that includes a swift and smooth delivery process.”