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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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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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Ease the Burden of Labor Shortages and Increase Supply Chain Resiliency 

Logility

The labor supply is shrinking in Germany, Poland, Russia, and Japan, and contraction is expected to quicken. This results in delays that cause material or inventory shortages that affect both manufacturers and retailers Fulfillment centers that are short of workers can’t keep pace with order fulfillment volumes fueled by eCommerce.

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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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2022 Forecast: Supply Chains Become Critical Infrastructure

ToolsGroup

All this led to global supply chain disruptions and inventory build-ups, wrong inventory mixes, and supply chain shortages in 2022. This is already starting to happen in Germany, which recently passed a law called the “The German Supply Chain Due Diligence Law” (effective January 1, 2023). Download your copy ?.

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6 Key Takeaways from Blue Yonder Automotive Connect

BlueYonder

Key Takeaways: Industry Morphing: Salim Shaikh, Automotive Industry Strategy at Blue Yonder, highlighted how the automotive landscape is shifting towards differentiation through advanced technologies such as ADAS, infotainment, telematics, LiDAR sensors, image recognition, 5G communications, and electric powertrains.

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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.