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Your supply chain is costing you money – Reason #10 Failure to adequately train your supply chain planning staff

Kinaxis

Reason #6 Not effectively managing inventory. Reason #10: Failure to adequately train your supply chain planning staff. A bad decision can result in missed orders, significant inventory, or scrapped materials. By doing this, they could potentially save the company millions of dollars in excess inventory.

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Your Roadmap to Successful Mobile Inventory Management System Implementation

RFgen

If you are one of the many organizations that use an ERP platform for inventory control, then you already know how powerful this technology can be. This article will walk you through the key stages of implementing a new mobile inventory management system (IMS). Implementing new software is no cakewalk. Let’s dive in!

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Unleashed Cash Flow Workshop: Experts Share Tips for Generating Cash Flow & Mitigating Risk

Unleashed

As a result, significant amounts of cash flow remain tied up in unmoving inventory. Converting overstocked inventory into positive cash flow While prevention may be preferable to cure, the reality is that many firms are still stuck with excess stock tying up their cash flow and costing them thousands in storage fees. Look at it fresh.

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Editor’s Choice: 8 Supply Chain Planning Challenges Retailers Will Face In 2022 And Tips To Overcome Them

Logistics Viewpoints

As we have seen in 2021, businesses automated and integrated supply chain planning capabilities, including demand-sensing , dynamic safety-stock management , inventory optimization , and external collaboration. While increasing demand for at-home exercise equipment also expedited the expansion of the online wellness industry.

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Shipping Perfection Unlocked: The Insider’s Playbook to Outsmarting Misships and Winning Customer Loyalty

RFgen

To minimize misships, businesses must implement best practices that focus on optimization, technology, and employee training, ensuring accurate shipments every time. Mobile inventory solutions add greater efficiency and functionality, leveraging mobile apps and real-time data exchange with ERP platforms and other critical software systems.

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My Biggest Mistake: Inventory Levels are the Thermometer for the Management of the Company

Arkieva

As a Phd in inventory optimization, I’ve started my supply chain career in adjusting inventory parameters with surgical precision. I’m still training supply chain experts on how to do this. Calculating inventory parameters, using Linear Programming to optimize planning. All of this stuff was new and exciting.

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Think Differently. Drive New Outcomes. Let Us Help You Build A Guiding Coalition.

Supply Chain Insights

At this time of year, we find many companies planning workshops to stimulate thinking on building a digital supply chain and igniting next-generation supply chain thinking. Understand inventory write-offs, impact of forecast processes and technology satisfaction in the planning benchmarking. Training. Summer is ending.