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How Manufacturers Can Take Control of Inventory with RFID Technology

QAD

Manufacturers may not think they have much in common with the retail companies beyond producing the products that stock store shelves, but there could be a lot to learn from the latter as the manufacturing headwinds of the last few years carry into 2023. Walmart Has Embraced RFID Technology – Should You?

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5 Best Logistics Books to Keep Within Reach

Supply Chain Opz

Then, we use these criteria to rank the books, - Practicality: we look closely at how each book can provide basic concepts and strategies of the "Integrated Logistics Functions", namely, customer service, purchasing, production planning, warehousing, and transportation in a clear and concise manner. The links below are paid links.

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Save The Supply Chain Leader From Groupthink

Supply Chain Shaman

Business continuity continues to be a risk for many retailers and manufacturers. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories. Warehouses are full, and supply chain leaders are using containers as overflow warehouses adding to port snarls. My take away? Should we do better?

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Cost of Goods Sold Formula (with examples)

Unleashed

The Cost of Goods Sold formula is: Opening Inventory + Purchases + Production Costs – Closing Inventory = Cost of Goods Sold Below, we explain what the cost of goods sold (COGS) is, why it’s important for product businesses, and how to calculate COGS using the cost of goods sold formula. What is cost of goods sold?

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It’s All About the Logistics

Enterra Insights

He was hired as a purchasing agent and was directed to obtain some procurement training at a local certificate mill.[1] 1] “During the first few hours,” he writes, “we went over the pertinent areas of a purchase order. What products are sourced? ” Changing with the times. .”[4]

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Walmart and the Past, Present, and Future of RFID

AB&R

The pandemic accelerated the Buy Online Pick Up in Store (BOPIS) model, which accounted for $72 billion in purchases in 2020, having greater inventory accuracy grew ever more important. Opportunities for manufacturing Walmart is not the only retailer that requires RFID – and you can expect many to follow suit. HAVE QUESTIONS?

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3 ways retail warehousing impacts profitability

6 River Systems

With more brick-and-mortar stores shutting their doors than ever before and demand for warehouse space on the rise, retail warehousing creates a profitable opportunity for many companies. In this post, we’ll discuss the trends contributing to the retail warehousing trend and three ways retail warehousing impacts profitability.