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This Week in Logistics News (October 1 – 7)

Logistics Viewpoints

For those unaware of the term, shrink is an accounting term used to describe when a store has fewer items in stock than in its recorded book inventory. The goal is to reduce or avoid one billion metric tons (a gigaton) of greenhouse gasses from the global value chain by 2030. This is putting the squeeze on small businesses.

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Your Expert Guide to Inventory Audits: Best Practices & Tips 

ShipBob

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?

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The New Reality of Amazon FBA with Ephraim Ausch

The Logistics of Logistics

Ephraim started his career at a bulk candy company that had retail locations in New York. The new performance metrics were a result of carriers arriving late and or missing appointments. The Inventory Performance Index , (IPI) is a score Amazon assesses to determine how well sellers are managing their inventory.

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Traditional Retail Performance Metrics Aren’t Measuring Up

Logility

In a recent Logility blog post , Richie Proud, vice president of planning and inventory at Curaleaf, said this about the upheaval in the retail fashion sector: The digital transformation of the fashion industry has been immense over the past 6 months. The current suite of metrics were built for a time that no longer exists.

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The Backorder, April 10 2024

Unleashed

That’s why AOV is an essential metric to improve. Inventory and marketing costs can be insidious parasites, gnawing at your margins. If dead stock is consuming vital inventory space in your warehouse try bundling your slowest-moving items with best-sellers. Other tactics include upsell, cross-sell, and product bundling.

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Reports of Easing Global Supply Chain Volatility in July

Supply Chain Matters

According to the July 2022 Global Supply Chain Pressure Index (GSPI) , compiled and published by the Federal Reserve Bank of New York , overall pressures reportedly declined once again in July. Warehousing and Inventory metrics continue to buoy the logistics sector. Global Supply Chain Pressure Index.

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How Do I Know If I Am Ready?

Supply Chain Shaman

I also continued to work on the manuscript for the book Metrics That Matter to publish in the fall of 2014. The average client that has implemented demand sensing technologies has reduced inventory by 11%. Spending the weekend writing and then off to New York to work with a client and then speaking later in the week at a conference.