Remove Innovation Remove Inventory Remove Lean Remove Logistics
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The Evolution of Asset Management: Humans, Inventory and the Rise of AI

The Logistics & Supply Chain Management Society

The Evolution of Asset Management: Humans, Inventory and the Rise of AI by Jeroen Hendriks , Director at Art of Supply Chain Sdn Bh In the ever-evolving landscape of organisational success, the spotlight is now on asset management. They are the ones who drive innovation, create new products and services and build relationships with customers.

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Warehouse Cost Reductions: 3 Understandings Driven By Inventory Management & Lean Principles

GlobalTranz

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. In the first part I put forth 6 areas of focus in order to reduce logistics costs. Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well.

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Achieve Seamless Material Flow in Industrial Equipment with Material Synchronization

DELMIA Quintiq

Competition is intensifying with industrial equipment companies racing to out-innovate each other. Circular innovation: With the world shifting towards sustainability, companies need to meet the increased demand for sustainable equipment and products. This is done within and across global and local plants.

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Inventory Management Excellence: Some Companies to Learn From

Logistics Bureau

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? But consider, too, how you can turn those needs to your advantage in inventory management.

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Electronics Kitting and Assembly with 3PL Solutions

ModusLink Corporation

By harnessing the capabilities of a global 3PL partner, companies can unlock new possibilities for efficiency, scalability, and innovation in their electronics assembly processes. End-to-end management of component procurement, inventory management, and JIT delivery.

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Transportation Innovation For a Future-Proof Supply Chain

PINC

However, besides the pandemic, logistics and transportation in general are ongoing challenges and still present a lot of other risks, including: Consumers are behaving differently. It has hit us like nothing we’ve ever seen before in supply chain and it has affected all countries, all industries, and all companies worldwide.”.

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Shorter Trend Cycles: An Inventory Management Nightmare

Clear Spider

In the fast-paced world of seasonal inventory, trend forecasting is crucial for success. Traditionally, companies built inventory management strategies around long-term forecasting and stable market conditions. If businesses are going to keep up, they’ll need to adopt new inventory management strategies.