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Boosting Efficiency: Top 5 Inventory Optimization Strategies

SCMDOJO

Suppliers monitor stock levels and replenish inventory automatically, based on agreed-upon criteria such as sales data or predefined inventory levels. VMI reduces the burden on businesses by outsourcing inventory management tasks to suppliers, ensuring timely replenishment and minimizing stockouts.

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The German Supply Chain Law Effects on Global Trade and Compliance

ModusLink Corporation

Several countries have taken concrete steps in this direction, and this newest piece of legislation’s impacts can only be explained by breaking down the facts of how they’ll impact companies operating in or with Germany. It impacts traditional import and export relationships and e-commerce in the EU. IBM , [link] Accessed 11 March 2023.

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Understanding the Salaries in Supply Chain Management

SCMDOJO

Salaries You Can Expect in Supply Chain Management Region-Wise: Here is a list of salaries for different supply chain designations: Demand planner, Supply chain analyst, Master scheduler, Purchasing manager, Inventory manager, Logistics manager, Procurement manager, Materials manager, Supply chain manager, and Supply chain director.

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The Top 3 Takeaways from EuroShop 2023

ToolsGroup

EuroShop 2023 has closed a successful five days of exhibitions and networking in Düsseldorf, Germany. Attended by an international audience of over 81,000 visitors, the event highlighted the latest retail innovations and boasted best-practice keynotes and presentations on timely and crucial industry strategies.

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The Counter to Constant Supply Chain Volatility Is Pervasive Visibility and Industry Collaboration

Logistics Viewpoints

The surging Delta virus, devastating floods in China and Germany and cyber attacks on South African ports are amongst the latest in a series of events that continue to send shock waves throughout the system. Until we have this kind of pervasive visibility, inventory management will continue to be largely an exercise in futility.

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The Ultimate Guide to Contract Logistics: What You Need to Know

SCMDOJO

Contract logistics is a specialized service offered by third-party logistics (3PL) providers to manage supply chain operations on behalf of a company. It involves outsourcing logistics activities, such as warehousing, transportation, distribution, inventory management, and order fulfillment, to a dedicated logistics service provider.

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Eurozone Economy Now in Technical Recession

Supply Chain Matters

According to reporting by The Wall Street Journal , sizable changes to data from Germany, Ireland and Finland prompted the revision. Besides Germany , Greece , Lithuania , Malta , Ireland and the Netherlands experienced quarter on quarter GDP declines. pharmaceutical companies cutting back on production.

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