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What is Demand Forecasting? Importance and Benefits of Forecasting Customer Demand

ShipBob

You never really know how it will all turn out, yet you need to be able to answer questions like these: How many units of inventory do you need to have on hand to be at full stock for each SKU? How often do you project to replenish inventory ? Demand forecasting allows businesses to optimize inventory by predicting future sales.

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Throwback Thursday

Supply Chain Shaman

As hospitals adopted consignment planning programs, inventory progress slowed. The turns are the lowest of any industry, and despite investments in technologies and processes, inventory turns have only improved 3%, and Cash-T0-Cash (C2C) cycles have declined 4%. Yet, the attendees wanted to discuss Lean warehousing.

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Supply Chain Leadership Driving Industry 4.0 & Resilience During Crisis – LogiSYM July 2020

The Logistics & Supply Chain Management Society

This boosts revenues and optimises inventory. exact location of goods (on order, in transit, or in a warehouse)). This can be applied to inventory management, fleet and order tracking, ID badging. Amazon’s supply chain heavily depends on the outsourcing of its inventory management. billion (based on 2018 sales).

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KPI Key Performance Indicators in Supply Chain & Logistics

Logistics Bureau

Inventory stock turns in Days. Inventory management. Warehousing. Inventory levels. A KPI is a metric… but not just any metric. A KPI is a metric focused on a KEY element of business, departmental, or team performance. DIF – Delivery in Full. DOT – Delivery on Time. Production/manufacturing.

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This Week in Logistics News (February 4 – 10)

Logistics Viewpoints

Worst January US Intermodal in 10 years Our thoughts and prayers are with those in Turkey and Syria impacted by the recent earthquakes. The port of Iskenderun in the southeast of Turkey was severely damaged by the earthquakes. Once again warehousing metrics are the primary driver of logistic activity. decline in Q4.