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This Week in Logistics News (October 1 – 7)

Logistics Viewpoints

Earlier this week, I read a sobering report from the national Retail Federation (NRF) regarding shrink. The recently released National Retail Security Survey shows that total shrink in 2021 reported by retailers is now almost a $100 billion problem. Most reported in-store, e-commerce, and omni-channel fraud are all on the rise.

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Boosting Efficiency: Top 5 Inventory Optimization Strategies

SCMDOJO

By negotiating lower MOQs with suppliers, businesses can reduce the amount of inventory they need to purchase at once. Importance of Teamwork and Collaboration in Inventory Optimization: Successful inventory optimization requires collaboration across departments, particularly involving purchasing and IT.

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Insights from Elemica reveal 2014 Frankfurt

Talking Logistics

What do the Germany World Cup Team and the Boston Red Sox have in common? As I wrote earlier this year in Is Your Business Model Safe? , Herman Woltjes, Shell Chemicals – “Logistics Execution”. But at the same time, supply chains are challenged by complex logistics, systems issues, legal requirements, and lack of resources.”

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Embracing the Digital Supply Chain

Supply Chain Shaman

I will be speaking and working with clients in wonderful locations in Brussels, China, Germany, London, Mexico, Peru, and South Africa. One of my clients waits four days for a custom report. As a result, analytics are usually based on historic data with outputs having a one- or two-day lag. Digital logistics?

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Takeaways from Descartes Evolution 2019

Talking Logistics

I got started just as the dotcom craze was taking off, with new logistics startups coming to market every day (all of them announcing they were “The world’s leading provider of X” even though they were just a few months old). Descartes has 20,000+ customers on its Global Logistics Network, which experienced 21% growth and processed 18.6+

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Supply Chain Roundtable Series: Optimising the Manufacturing Supply Chain

Unleashed

Often, we end up asking the partner in Germany or Spain or somewhere, ‘Can you air freight this? It’s a constant headache for our purchasing manager. Accurate data is essential for making the right decisions around purchasing and resource planning. Consolidated purchasing can help bring costs down, he adds.

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Survey: How to benefit from electronic invoicing

SupplyOn

The majority of the participants was handling invoice creation or processing in the accounting, procurement and logistics departments. On an international scale, we see that the country of origin or region of a company surely influences its financial processes and all related metrics.