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Inventory Obsolescence: It Can Get Complicated

ToolsGroup

The knack in today’s innovation economy is to understand how the value of a particular SKU deteriorates or its costs increase so that profit erosion can be factored into inventory optimization calculations. According to Nucleus Research, in its July 2015 Research Note , companies can optimize inventory using the right algorithms.

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Understanding Inventory Tax: An eCommerce Merchant’s Guide

Ware2Go

Everything you need to know about inventory tax. Learn which states collect it, its impact on your business, how to reduce it, and how to leverage fulfillment technology to accurately track and control inventory. Understanding Inventory Tax. Is There a Federal Inventory Tax? How Does Inventory Tax Affect My Business?

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This Week in Logistics News (October 29 – November 4)

Logistics Viewpoints

Canoo to build battery manufacturing facility in Oklahoma. Electric vehicle startup Canoo Inc said on Wednesday it would build a battery manufacturing facility at Pryor in Oklahoma with a capacity of 3,200 Megawatt hours production. Walmart is now offering small businesses short-term rental leases. Tone sours on Q3 trucking calls.

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The Big Texas Chemical Freeze Raises Issues on Resiliency of the Petrochemical Supply Chain

NC State SCRC

Today’s Wall Street Journal article on the impact of the Texas winter storm on the petrochemical industry highlights many of the challenges that exist with this supply chain, that has been overlooked for perhaps too long. It is also testament to the fragility of this supply chain.

Texas 52
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What is Supply Chain Compliance and Why is it Important?

AB&R

The great news about supply chain compliance is that AB&R® makes it a breeze. Supply chain compliance may include things such as employee labor laws, hazardous material handling, and environmental concerns. Labels and Supplies. A compliant barcode is just the first step to supply chain compliance.

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How to Reduce Shipping Costs: 8 Effective Ways

Ware2Go

But the same package sent only 107 miles from Oklahoma City to Tulsa would be Zone 2. As a result, storing inventory closer to customers will eliminate shipping to higher zones, lowering time in transit (TNT) and improving shipping speeds. The higher the zone, the more expensive an order is to ship. Establish Rigorous Packout SOP’s.

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Supplement Recall Creates Bad Press for Health Industry

RFgen

In their rush to stand out in an ever-growing marketplace, businesses may exaggerate the benefits of their products or lose sight of their inventory management policies. One such company found the possibility of a harmful contaminant in its supply chain and had to quickly recall several products from the market.