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How Manufacturers Can Take Control of Inventory with RFID Technology

QAD

Manufacturers may not think they have much in common with the retail companies beyond producing the products that stock store shelves, but there could be a lot to learn from the latter as the manufacturing headwinds of the last few years carry into 2023. and bring inventory accuracy up to an impressive 99.9%.

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Five-Year Study Showcases the Benefits of US Foreign-Trade Zones

QAD

However, the effectiveness of FTZs just got a lot clearer as the US released a five-year study on the operations and impact of the US FTZ program and similar FTZ-type programs in Canada and Mexico. Key Findings From the US FTZ Program Study 1. For many products, this can result in significant savings. Take vacuums, for instance.

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This Week in Logistics News (May 20 – 26)

Logistics Viewpoints

And now on to this week’s logistics news. Target’s inventories at the end of the last quarter were 16 percent lower than the same period a year ago and Walmart cut inventories in its U.S. Inventories at U.S. The post This Week in Logistics News (May 20 – 26) appeared first on Logistics Viewpoints.

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Omni-Channel Logistics Leaders: The Importance of Real-Time Inventory Visibility

Talking Logistics

Note: The following is an excerpt from “ Omni-Channel Logistics Leaders: Top 5 Inventory Insights ,” based on research conducted by Adelante SCM and LEGACY Supply Chain Services with input from nearly 100 supply chain professionals from retail, manufacturing, and logistics service providers companies in the United States and Canada.

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The Inventory Accuracy “Confidence Gap”

Talking Logistics

The research focused on the inventory visibility and optimization challenges that companies face today related to omni-channel fulfillment and the actions they should take to elevate their omni-channel performance. And it begins with improving their inventory accuracy. The Inventory Accuracy “Confidence Gap”.

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Study Shows 74 Percent of Digital Supply Chain Planning Transformations Influenced by COVID

ToolsGroup

BOSTON, May 12, 2021 – A new study by ToolsGroup, a global leader in supply chain planning software , and the Council of Supply Chain Management Professionals ( CSCMP ) has found that only 3% of companies experienced no COVID-related business impact, and 42% of organizations say the pandemic has accelerated their digitization plans.

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Boosting Efficiency: Top 5 Inventory Optimization Strategies

SCMDOJO

In the world of business, managing inventory efficiently can make all the difference between success and struggle. Whether you’re a small startup or a large enterprise, optimizing your inventory is crucial for staying competitive and profitable. Read more on Optimizing Inventory and Lead Time Management on our website SCMDOJO!