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Managing and Reporting Inventory in a Foreign-Trade Zone

QAD

Given the long list of FTZ benefits, including saving on Merchandise Processing Fees (MPF), reducing or eliminating duties, taxes, and tariffs, and allowing for tax-free storage of inventory while in the zone, it’s natural to wonder why more companies aren’t taking advantage of FTZs. In other words, what’s the catch?

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Inventory Management vs Product Information Management (PIM)

Supply Chain Game Changer

The following Product Information Management (PIM) article was written by guest author Alex Borzo, a content contributor at Amber Engine , a software company passionate about eCommerce. Specifically, do you need to track product inventory through an ERP now that product data is stored in your PIM? And, of course, inventory.

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Unlocking Insights with Life Cycle Inventory Analysis

SCMDOJO

This is where the Life Cycle Inventory (LCI) comes into play. With LCI, businesses and individuals alike can make informed decisions, reduce their carbon footprint, and contribute to a greener future. In this article, we dive deep into the world of Life Cycle Inventory, exploring its significance, methodology, and applications.

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Inventory and Inflation

Enterra Insights

The irony of excess inventory. Reporters from Bloomberg explain, “A nationwide inventory glut has led to unexpected bargains for U.S. ”[4] Journalist Rachel Wolfe ( @rachelbwolfe ) reports big discounts on some items are likely to start showing up around Independence Day.[5] ” Optimizing inventory.

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Supply Chain Inventory Optimization – Beyond the Analytics

GlobalTranz

While analytics offer remarkable insights into supply chain inventory optimization, warehouse managers must still understand how the use of slotting optimization technology impacts other processes. Siloed Data Must Be United for True Supply Chain Inventory Optimization. Better Inventory Management Needs Complete Control.

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The role of inventory management and inventory optimization in ERP

SYSPRO Smarter ERP

Inventory management is important because it provides a buffer to balance out the uncertainties between demand and supply. However, while it can be viewed positively, holding inventory also creates problems. As an asset on a company’s balance sheet, reduced inventory results in a higher return on assets.

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Top Takeaways from RFgen’s 2022 Digital Inventory Report

RFgen

Supply chain professionals from diverse industries shared their current inventory management efforts, challenges, and future plans in our newly released annual Digital Inventory Report. For complete details, download the full report. Why Inventory Management Should Be Digital and Automated. Who We Surveyed.