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Inventory Control in Manufacturing: 7 Strategies to Maximize Service Levels and Profit Amid Disruption

ToolsGroup

Like most industries, manufacturers around the world are feeling the pinch of inventory disruption brought on by shortages and other supply chain challenges. But manufacturers are unique. What is Manufacturing Inventory Control? What is Manufacturing Inventory Control? 4 Common Inventory Pitfalls Manufacturers Must Avoid.

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16 Cost Reduction Strategies in Inventory Management

Unleashed

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that that are each proven to reduce a company’s costs.? It also avoids the need to dip into safety stock.

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What is Sourcing? Definition, Strategy, & Difference Between Procurement and Sourcing

ShipBob

Where you get these from, or how you source them, can be a huge decision. Sourcing can seem overwhelming if you’re a brand or retail buyer not entirely sure what you’re doing, but it can significantly impact the quality, cost, and availability of your products. What is strategic sourcing? What is procurement?

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5 Ways Businesses Are Uncovering Success With AI In Manufacturing

ToolsGroup

Automation is at the center of modern manufacturing businesses, with companies exploring the possibilities of artificial intelligence in improving workflows and profitability. Industrial engineers incorporate these technologies in designing and fabricating advanced manufacturing systems. How AI Is Changing the Manufacturing Industry.

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The Importance of a Strong Supply Chain and Logistics Strategy!

Supply Chain Game Changer

A solid supply chain and logistics strategy is essential for large companies. A global chemical manufacturer recently had to replace ships that transported bulk materials to ports. This chemical manufacturer is converting its entire distribution system to containers. Supply Chain’s Moment of Truth Has Arrived!

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Consumer Goods: A Formula for Service, Speed, & Brand Success

Logility

From where they shop and how frequently they buy to what price points entice them, consumer behaviors have been challenging to predict over the past year. Batch manufacturing is more controlled and optimized, improving inventory turns and production scheduling efficiency.

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E-Commerce Shipping Strategy Challenges to Consider for Perfect Implementation

GlobalTranz

The path to perfect implementation of a new e-commerce shipping strategy is not always clear, and it comes with several challenges that can undermine the efficacy and cost-effectiveness of e-commerce. Channel-specific processes. Delays in order fulfillment and delivery. Troublesome returns management. Increased risk. GET YOUR COPY HERE.