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RFID in the Supply Chain: Fizzling Technology or the Future of Effective SCM?

GlobalTranz

More recently, with the rise of interconnected systems, the analytics to derive value from those systems seems, and decreased costs, RFID is resurrecting as a solution for increasing supply chain management (SCM), visibility into processes, and reducing inventory tracking costs. Active Versus Passive RFID Tags in SCM.

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Omni-Channel Logistics Leaders: The Importance of Real-Time Inventory Visibility

Talking Logistics

Note: The following is an excerpt from “ Omni-Channel Logistics Leaders: Top 5 Inventory Insights ,” based on research conducted by Adelante SCM and LEGACY Supply Chain Services with input from nearly 100 supply chain professionals from retail, manufacturing, and logistics service providers companies in the United States and Canada.

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What is Supply Chain Management? How to Recognize and Approach SCM Risks

ShipBob

Moreover, there may be raw material shortages that will then result in supply chain bottlenecks as businesses are unable to procure inventory to keep up with demand. That means companies will need to appropriately adjust their production and procurement so as to avoid excess stock and piling up surplus inventory.

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Inventory Management Remains Challenging

Enterra Insights

Every business person who deals with inventory management is involved in a balancing act. Keep too little inventory on hand and you risk losing sales and, on occasion, customers. Keep too much inventory on hand and the costs add up resulting in lower profits. Omnichannel operations exacerbate inventory management complexity.

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Editor’s Choice: 5 Supply Chain Management Success Factors for CPG Companies

Logistics Viewpoints

At the center of everything is the need to select the right supply chain management (SCM) platform. Unfortunately, most supply chains predate omnichannel, and layering the newly required capabilities on top of legacy systems is difficult—and it frequently delivers subpar results. The reason? The challenges don’t stop there.

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Why this is a great time to be a supply chain professional

Kinaxis

After about a decade, he took a different path and branched off from SCM. c) Internet of Things (IoT) is enabling proactive asset monitoring and risk mitigation along with precise inventory location tracking. This means more exciting opportunities for SCM professionals in both industry and technology domains.

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How Integrated WMS and SCM Solves Peak Season Challenges

Veridian Solutions

Poor inventory visibility. Subpar inventory visibility also makes omnichannel fulfillment more difficult. Perform a complete inventory using new systems. The post How Integrated WMS and SCM Solves Peak Season Challenges appeared first on Veridian. These include: Use metrics to check system performance.

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