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2021 Supply Chain Challenges: The Top 5 Lessons Learned + Tips from 11 Industry Experts

ToolsGroup

Lesson #2: Finding solutions in warehouses and distribution centers. “We And having multiple smaller warehouses in strategic locations can enable you to do this – especially in the beverage industry. Because of the timing, even outsourced warehousing providers are slim on space. .” – Alex Phelan, CEO, Merchadise.

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Cultivate a Stickier Customer Base Using WMS Add-On Technology

Logistics Viewpoints

How 3PLs Can Gain Visibility and a Competitive Advantage Offering Automated Billing and a Self-Service Interactive Customer Portal It’s hard to imagine a third-party logistics (3PL) business today operating without some form of a warehouse management system ( WMS ) connecting the digital dots. To learn more, visit Open Sky Group today.

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The Age of Agility: Building Resilience in the Supply Chain

The Logistics & Supply Chain Management Society

However, measures such as alternative factories, dual sourcing and more generous safety stocks go against the well-versed philosophy of lean supply chains that has prevailed in recent decades,” he says. Multi-Sourcing. Inventory and Capacity Buffers. Increasing buffer capacity is a straightforward way to enhance resilience.

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This Week in Logistics News (July 20 – 26)

Logistics Viewpoints

The canal is a key source of revenue for the government of Egypt, and it is one of the country’s top earners of foreign currency. Those five industries are wholesale and retail trade, manufacturing, services, health care and social assistance, and transportation, warehousing and utilities.

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How Inventory Management Rescues Supply Chains From Inflation

Clear Spider

This has forced many manufacturers to reevaluate their sourcing and pricing strategies. Currency Fluctuations: As inflation varies by region, currency fluctuations further complicate international trade. Instead of relying on a single supplier, it’s best to secure a mix of local and international sources.

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What is Landed Cost and Its Importance?

QAD

While this lowers the actual product cost, it may result in increasing transportation, inventory, warehousing and Customs costs. This cost includes the per-unit price of the product itself, freight charges, taxes, import and export duties, insurance premiums, payment processing fees, currency exchange rates and other expenses.

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Global Supply Chain Visibility is No Easy Task

Talking Logistics

Even the data we have can present problems, ranging from data transformation to currency conversion. Let us take a look at how visibility in your supply chain can extend from the sourcing of raw material all the way to the delivery of finished goods to a consumer. To achieve this level of visibility you have to define your schema.