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Boosting Efficiency: Top 5 Inventory Optimization Strategies

SCMDOJO

In the world of business, managing inventory efficiently can make all the difference between success and struggle. Whether you’re a small startup or a large enterprise, optimizing your inventory is crucial for staying competitive and profitable. Read more on Optimizing Inventory and Lead Time Management on our website SCMDOJO!

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This Week in Logistics News (October 1 – 7)

Logistics Viewpoints

For those unaware of the term, shrink is an accounting term used to describe when a store has fewer items in stock than in its recorded book inventory. The goal is to reduce or avoid one billion metric tons (a gigaton) of greenhouse gasses from the global value chain by 2030. Financial terms of the deal were not disclosed.

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

SCMDOJO

It involves outsourcing logistics activities, such as warehousing, transportation, distribution, inventory management, and order fulfillment, to a dedicated logistics service provider. Additionally, its strategic location in proximity to Germany, France, and the UK adds to its appeal.

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o9 Solutions and Supply Chain Insights With LKQ Europe Reveal Significant Supply Chain Planning Improvements Following the First-Ever Pilot to Test Outside-In Planning

o9 Solutions

In Germany, where the Project Zebra pilot took place, LKQ Europe operates 180 branches served by a central warehouse that manages approximately 1.4 The study also tested how bi-directional orchestration versus the more traditional approach of multi-tier inventory optimization could improve LKQ Europe’s inventory buy plan. .

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Roundtable Series: Scaling in a Compromised Supply Chain

Unleashed

Go back to their inventory and stock build and factor in this sort of possibility – alongside all the other supply challenges they’re facing these days. I think Sam’s really right,” Ben says, “in that the tendency in a lot of scale-ups is to chase sales metrics, and often supply can be a secondary thought. Three Spirits’ solution?

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Manufacturing Gains From Machine Learning

IQMS

Source: Smartening up with Artificial Intelligence (AI) – What’s in it for Germany and its Industrial Sector? (52 Asset Management, Supply Chain Management, and Inventory Management are the hottest areas of artificial intelligence, machine learning and IoT adoption in manufacturing today. PDF, no opt-in) McKinsey & Company.

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Hitendra Chaturvedi’s Reality Check

Resilinc

are: Germany, China, Japan, Canada, and Korea. As a consumer, let us say, you are given a choice between two identical iPhones—one that was made in China with Just-in-Time inventory management, and the second made in the U.S., The top countries that are investing in manufacturing sites in the U.S. That’s good news.