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Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. What is inventory revaluation? Inventory revaluation is the adjustment of the costs of inventory to reflect changes in the recorded cost. Your inventory becomes obsolete.

Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. What is inventory revaluation? Inventory revaluation is the adjustment of the costs of inventory to reflect changes in the recorded cost. Your inventory becomes obsolete.

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Chinese New Year Shutdown 2020: How to Prepare

ShipBob

In mainland China (and even in other countries that celebrate the holiday such as Indonesia, Malaysia, North Korea, Singapore, South Korea, Vietnam, and Brunei), the Chinese New Year holiday is a very big deal. The upcoming Chinese New Year is on January 25, 2020, but the holiday shutdown can affect production times at China’s manufacturing companies for as long as two months as many workers travel back to rural villages to celebrate with friends and family. Increase inventory.

Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

As the fabric suppliers require the longest lead times, ZARA approves designs & initiates manufacturing after it gets feedback from its stores. To improve your capability to manage demand shifts and customer expectations it is mandatory to have dual sourcing.

Study Shows Two-Thirds of Companies Yet to Execute Digital Transformation in Supply Chain Planning

ToolsGroup

A North American-based survey of nearly 200 supply chain professionals from top CPG, distribution/wholesale, food and beverage, manufacturing, and retail companies found that 58% of respondents are still in the exploring or evaluating phases of digital transformation. Our customers overcome demand volatility and supply chain complexity for outstanding service levels with reduced inventory. PRESS RELEASE.

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Avoiding the bullwhip: Navigating volatile demand in a post-COVID world

Proxima

As it moves upstream, demand is amplified as retailers, manufacturers, and suppliers each apply an incremental increase to protect their individual operations from shortages. The result is increasing swings in inventory, known in logistic circles as the “bullwhip effect.”

Stories of Supply Chain Leadership: An Interview with Joan Motsinger of Seagate

Supply Chain Shaman

In our work on the Supply Chains to Admire report , we tracked the progress of manufacturing, retailing and distribution companies for the period of 2006 to 2013 and 2009-2013. We then rated companies on their ability to manage and improve a portfolio of metrics: operating margin, inventory turns and Return on Invested Capital (ROIC). Before taking her current position, she served in several capacities including Seagate’s product design and manufacturing facilities in the U.S.

How COVID-19 is Battering Australia’s Imports and Exports

Logistics Bureau

Australian imports from China mainly comprise manufactured goods, including telecommunications equipment, IT products, furniture, home ware, clothing, toys, sports equipment, and televisions. Singapore, $14.7 Source Australian Bureau of Statistics. Refined petroleum: Australia sources most of its refined petroleum products from Singapore, which, with 138+ confirmed cases, is also in the COVID-19 firing line.

Post-Pandemic Impermanence and 6 Actions to Take Now!

Supply Chain Game Changer

The move from China, even if to other more reliable-in-a-crisis countries like India, Mexico or Singapore, will come at considerable cost. Most, but not all companies, have ensured that their manufacturing know-how and secret sauce have remained inside their American engineering teams, but some may have had to relinquish control and exposure to those important day-to-day production details. Loss of manufacturing know-how is a loss of leverage. Manufacturing.

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Supply Chain Disruptions Are New Opportunities – LogiSYM October/November 2020

The Logistics & Supply Chain Management Society

Arising from the pandemic is risk diversification i.e. reducing sourcing risks from China. In a highly globalised and integrated world economy, China plays a pre-eminent role as a manufacturing heavyweight – the factory of the world representing 17%-20% of world GDP.

How Can We Heal the Global Supply Chain?

Supply Chain Shaman

In the last six months, in my travels, I have presented to supply chain teams in China, Belgium, France, Germany, Peru, Mexico, Netherlands, South Africa, Singapore, and the United Kingdom. The traditional manufacturing job defined the middle class. Each time, I turn on the channel, manufacturing jobs frame the global debate. Ironically, as global manufacturing jobs decrease, there is a need for talent for the global supply chain. Inventory Turns.

Global 222

Xiaomi: Rapid growth of a mobile internet company in China

The UCLA Anderson Global Supply Chain Blog

Founded in 2010 by seven partners (including current CEO Mr. Lei Jun) with investment from Temasek Holdings (an investment company owned by the Singapore government), Chinese venture capital funds IDG Capital, Qualcomm, etc.,   However, it outsourced the manufacturing operations of the phone to Foxconn.   To capture the middle market, Xiaomi’s phone is priced between Apple/Samsung and Lenovo/K-Touch (major Chinese cellphone manufacturers).

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Perspectives on the Global Trade Environment: A Panel Discussion

NC State SCRC

The goal is to create redundant sources based on supplier-specific and country-of-origin, to ensure that each product category has redundancy as a form of insurance on the supply chain. Even if AAP or other auto part companies wanted to move production, there is no manufacturing capacity in the US or anywhere else, so creating redundancy in this case is very difficult. Andrew Partis shared his views from ThermoFisher, a global contrat manufacturer for the pharmaceutical industry.