Remove Information Remove Inventory Remove SCM Remove Transportation
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The Future of Onboard Inventory: How AI-Driven SCM Strategies Could Revolutionize Inventory on the Move

ToolsGroup

By land, by air, by sea – transit organizations know the competition is fierce for retaining customer loyalty, requiring inventory management strategies that balance consumer needs with sustainability initiatives and business goals. These companies understand that one bad experience could jeopardize future sales.

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Excess Inventory: Causes, Consequences and How to Avoid it?

SCMDOJO

In today’s fast-paced business world, excess inventory can be a major hindrance to growth and profitability. Whether it’s unsold products taking up valuable storage space or excess & obsolete items tying up capital, having excessive inventory can lead to increased costs and decreased cash flow.

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RFID in the Supply Chain: Fizzling Technology or the Future of Effective SCM?

GlobalTranz

More recently, with the rise of interconnected systems, the analytics to derive value from those systems seems, and decreased costs, RFID is resurrecting as a solution for increasing supply chain management (SCM), visibility into processes, and reducing inventory tracking costs. Active Versus Passive RFID Tags in SCM.

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Supply Chain Resilience. Really?

Supply Chain Shaman

Expand the “FLOW” program for logistics information sharing to forecast transportation flow. I am currently doing research on inventory management. In the research, I ask inventory planners to define resilience. No technology in the market measures inventory health. Today, this is not the case.

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The Importance of Value-Added Services in Logistics and SCM!

Supply Chain Game Changer

The sum of SMS (Short Message Service), data-over-cellular, and information-service income is used to compute total VAS income. According to Adelante SCM’s recent research , 63 percent of organizations that use value-added services consider it a “very significant” business function. – Inventory Management.

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Driving Sustainability in the Age of Supply Chain Disruption

Logistics Viewpoints

Emerging technologies play a role in managing disruption and are driving change in the transportation and logistics industries. Systems infrastructure – Cloud and improved information sharing through social and business networks, often enabled by blockchain. All of these come together in some way with autonomous transportation options.

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What is Supply Chain Management? How to Recognize and Approach SCM Risks

ShipBob

Moreover, there may be raw material shortages that will then result in supply chain bottlenecks as businesses are unable to procure inventory to keep up with demand. That means companies will need to appropriately adjust their production and procurement so as to avoid excess stock and piling up surplus inventory.