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Embracing the Supply Chain as A Complex Non-linear System

Supply Chain Shaman

No company in either the household non-durable (consumer goods) or the food manufacturing group beat their peer group on the balanced scorecard of growth, inventory turns, operating margin, and Return on Invested Capital (ROIC) for 2013-2022. My reply to my friend is that “The supply chain is a complex non-linear system.

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The Case for Real-Time Perpetual Inventory Signals in Manufacturing

ToolsGroup

Suddenly, managing inventory is the name of the game for companies trying to manage working capital and maximize profit while keeping customers happy. And that’s where real-time perpetual inventory signals come in. The larger the company, the greater the danger of duplicative, conflicting, or siloed systems.

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What is Inventory Tracking? Methods, Challenges, & Systems

Unleashed

Effective inventory tracking is a critical component of inventory management. There are two main ways businesses can track inventory: manually, using spreadsheets and logbooks; or automated, using inventory software systems. What is inventory tracking? It helps to reduce inventory shrinkage and loss.

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Beware the Swinging Pendulum on Supply Chain Inventory Practices

Logistics Viewpoints

Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. Opinion of just-in-time (JIT) as a practice has taken a battering and inventory is rising. Is supply chain inventory the problem?

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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. After implementing that solution, you look thoughtfully at the other systems your operations require. And, of course, inventory. Subscribe Here!

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Perpetual Inventory System: Definition & Methods

Unleashed

At a certain point, manual inventory management becomes no longer feasible. In this article, we explore a popular solution: the perpetual inventory system. Perpetual inventory systems begin with a physical inventory count that is then recorded electronically. But there are some downsides.

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Symbiosis & Synergy: Consulting, ERP Systems, and Inventory Management

RFgen

Unlocking the synergy between consulting services, ERP systems, and inventory management is the key to creating a powerhouse of efficiency. Together, consulting and ERP complement each other to improve your inventory management system. Together, consulting and inventory management improve efficiency.