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Inventory Management Strategies of 7 Successful Firms

Unleashed

Here we break down the inventory management strategies of seven successful manufacturers and retailers around the globe. These examples show there isn’t a benchmark inventory management strategy that trumps all others.

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Management of Ocean Transit Time Reliability and Visibility

The Logistics & Supply Chain Management Society

Source: Sea-Intelligence Source: Sea-Intelligence The number of blank sailings are at the lowest we have seen since the pandemic started. Followed by the benefits to reduce logistics cost of expedites, demurrage and detention (58%), increase cash on hand by improving inventory management (23%) and to optimize carrier performance (19%).

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Trends 2023: Supply Chain

Enterra Insights

Freelance writers Michael Keenan and Kaleigh Moore report, “Data from the University of Texas–Austin suggests a simple improvement in ‘data usability’ can give some companies a 10% increase in revenue. Whether they realize it or not, consumers will be purchasing more recycled and refurbished goods in the coming years.”

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The Hidden Costs of Ghost Inventory: What You Need to Know

ShipBob

And two days ago a few units were reported stolen. These physically unaccounted-for units of inventory called ghost inventory, or phantom inventory , are a more common challenge faced by retailers than you think. Often, the items accounted for in the asset register do not reconcile with what is in the inventory.

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The $30 Billion Secret: How Amazon’s Logistics Saves You Time & Money

SCMDOJO

Pharmacy: Amazon Pharmacy – Online service for purchasing prescription medications with home delivery. Business Solutions: Amazon Business – Marketplace offering tailored products and tools for businesses, including bulk purchasing and business pricing. Billion US Dollars), followed by Europe and potentially Asia.

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Supply Chain Matters News Capsule Update- March 28 2024

Supply Chain Matters

In conjunction with the reporting of 2023 financial performance, the California based EV maker announced that the company would lay off upwards of 15 percent of its current staffing, amid cash and ongoing business and supply chain related challenges. The company reported a cash balance of slightly over $325 million at the end of 2023.

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Inventory Distortion Will Cost Retailers $1.77 Trillion in 2023. Here’s How Blue Yonder Can Help.

BlueYonder

What’s the real cost of inaccurate inventory management? IHL Services, a global research and advisory firm, estimates that inventory distortion — the combined cost of lost sales from out-of-stocks, along with the deep discounts required to sell overstocks — will drive a $1.77 How Can You Minimize Your Losses?