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This Week in Logistics News (May 20 – 26)

Logistics Viewpoints

Target’s inventories at the end of the last quarter were 16 percent lower than the same period a year ago and Walmart cut inventories in its U.S. Inventories at U.S. Separately, the company said in the past year, Amazon’s Counterfeit Crimes Unit sued or referred for investigation over 1,300 criminals in the U.S.,

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Real-Time Inventory Management: 5 Ways Advanced Computer Analytics Will Transform Traditional Inventory Management

GlobalTranz

Manufacturers have always struggled to obtain the most accurate inventory levels possible. A need for real-time inventory management has arisen, but until now, we didn't have a way to make it a reality. Let’s take a closer look at why such systems have the power to radically change standard inventory management operations.

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Using Technology to build Sustainable Supply Chains

The Logistics & Supply Chain Management Society

IDC also forecasts that by 2023, 30 percent of Asian enterprises will ship freight using a SaaS-enabled platform, resulting in improved efficiencies in load matching and reduced shipping costs. This is achieved by AI and ML which delivers more accurate optimised inventory, minimising overproduction and potential errors.

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Ecommerce Logistics: From Your Site to Their Doorstep

ShipBob

How do you put your brand in a spot to offer expedited shipping without putting in the time, resources, and investment of several warehouses? With so many millions of packages shipped across the country on any given day, it’s vital that systems are in place to keep them on track and make sure they’re delivered to the right place on time.

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The Most Important Distribution Center Metrics to Track and Understand

GlobalTranz

On-Time Shipping. This involves monitoring for the late departure of shipping containers as well as premature completion of a specific freight loading time. Furthermore, this could lead to more than the requested number of product being included in shipment, which results in shrink of inventory. Monitor Warehouse Capacity.

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Electronic Data Interchange or EDI in Transportation: Breaking Down What it is and How It Works

GlobalTranz

EDI was first developed in the 1960s with the objective of speeding the movement of shipping and transportation documents. In 1965, the Holland-America steam ship line started sending the very first EDI messages, although still not called EDI. Data includes dates, times, locations, route and reference numbers.

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[INFOGRAPHIC] 6 Logistics Industry Trends Set to Transform 2016 & Beyond

GlobalTranz

The Internet of Things Will Increase and Benefit Real Time Inventory Management. As a result, logistics providers will be able to track inventory faster and more efficiently, which will reduce the amount of time required in shipping processes. Essentially, consumers will be able to get products faster.

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