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Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for Supply Chains

The Logistics & Supply Chain Management Society

Product strategies. Operational strategies. Many companies buy forward inventory ahead of tariffs being implemented. This strategy, however, may incur additional warehousing and storage costs, and firms may experience accounting challenges where an inventory is considered an asset, which could affect cash flow.

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What is Inventory? Examples, Types, Techniques

Unleashed

Inventory is often the largest current asset in a business. Before you develop an effective inventory management strategy you need to understand what inventory is, its various types, and how it works in a business. What is inventory? Inventory is the stock of goods and materials currently owned by a business.

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The Role of Digitisation and Analytics in Supply Chain Resilience

The Logistics & Supply Chain Management Society

Therefore, a strategy for resilience is necessary to meet the changing demands of consumers and ensure sustainable growth. Although supply chain managers have traditionally minimised the number of suppliers in their network to reduce operational and logistical complexity, this strategy is not equipped for unexpected disruptions.

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Top 5 Ways Inventory Tracking Technology Is Evolving

GlobalTranz

Inventory tracking is among the top areas most impacted by omnichannel supply chain strategies, and consumer spending habits are forcing inventory tracking technology to evolve, making sure consumers can get the products they want, through the media and channels they want, and at the prices they want.

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Overcome Manufacturing Supply Chain Challenges with Digital Planning

ToolsGroup

To deliver business transformation, the gap between company goals and digital supply chain strategy needs to close. When demand changes faster than a company’s ability to respond, you can end up with the wrong SKU mix and locations, frequent internal inventory transfers and expedites with high freight costs.

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The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

This entails staying well-informed about industry trends, harnessing technology for improved decision-making and transparency, nurturing strong partnerships with service providers, and continuously evaluating and refining procurement strategies to address the evolving complexities of container shipping.

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Importance of Digitalisation to Improve Supply Chains: Helping Businesses Navigate Through Supply Chain Disruptions

The Logistics & Supply Chain Management Society

One solution to this problem is centralized distribution and real-time inventory management. With the right digitization strategy and technologies, logistics companies can improve agility, efficiency, and optimization to deliver better services to customers. LogiSYM Supply Chain Magazine – August 2022. Supply Chain 4.0