Logistics Viewpoints
FEBRUARY 3, 2022
Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. Opinion of just-in-time (JIT) as a practice has taken a battering and inventory is rising. Is supply chain inventory the problem?
Logistics Viewpoints
FEBRUARY 16, 2021
And the impact doesn’t stop there, since trade-off decisions will be required to answer questions like which customer is most important to satisfy with the limited bolts in inventory and if production capacity should be reallocated. And then decisions on these questions will in turn affect other customers in your rattled supply chain.
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Logistics Viewpoints
MAY 19, 2022
Malcolm McLean, a trucker from North Carolina, was tired of waiting. Imagine you are a high-tech manufacturer with more inventory in stock than your forecasted production volume, which puts you in good company, since US manufacturers’ inventories continue to rise. Now that’s an ROI!
American Global Logistics
JULY 14, 2023
However, there is a need for more precise and comprehensive metrics to understand the full economic impact of supply chains. The supply chain supports an additional 770,000 jobs, comprising 31%, of North Carolina's workforce. Understanding their contribution requires precise metrics and methodologies. The cost of U.S.
Kanban Logistics
OCTOBER 31, 2023
This can lead to reduced order fulfillment times, improved accuracy, and lower inventory costs. For example, 3PL providers are typically insured against damage or loss of inventory. Key performance indicators (KPIs) are the metrics that help you to understand just how well your 3PL is performing. on-time shipments).
Logistics Viewpoints
AUGUST 15, 2022
GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Alex Zhong, Director Product Marketing at GEP.
Kanban Logistics
FEBRUARY 28, 2023
It also enables the 3PL to perform inventory management protocols like FIFO (first in first out; the oldest lots of items will be distributed first) and FEFO (first expired first out; the products closest to their expiration dates will be distributed first). Items that have common characteristics important to food manufacturers (e.g.,
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