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7 Reasons Why You Should Reduce Inventory

SCMDOJO

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand. The same applies to inventory reduction.

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This Week in Logistics News (January 27 – February 2)

Logistics Viewpoints

Soft demand in Europe and the US led to an overall decline of 7.5 Amazon achieved its fastest-ever global shipping times last year but isn’t resting on its laurels. percent year-on-year decline in cargo ton miles to 1.8bn, although this metric increased by 9.5 While I like his optimism, I’ll believe it when I see it.

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A New Decade: Give Science A Chance

Supply Chain Shaman

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. Now, let’s take consumer products.

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No Time Like the Present

Supply Chain Shaman

While shipping craziness is abating, the issues and implications of the Russian-Ukrainian war, energy shortages in China and Europe, food instability in Africa, and the global water crisis reverberate as disruption after disruption in the supply chain. Inventories increased by 44% due to supply chain volatility.

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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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Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

As we’ve seen over the past few years, businesses will keep automating and integrating supply chain planning capabilities, including demand-sensing, dynamic safety-stock management, inventory optimization, and external collaboration. They are more likely to shop for discounts and sales and may delay purchases of some items.

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Mars Wrigley’s Highly Successful Supply Chain Digital Transformation

Logistics Viewpoints

The company chose 4Flow to do transportation planning and execution in Europe. For the largest retailers, short shipping results in fines and penalties. “I’ll The algorithms generate recommendations on optimal ways to rebalance inventory based on cost and service level impacts. The change management was difficult.”