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7 Ways Businesses Can Manage Supply Chain Shortages in 2021

ToolsGroup

Use analytics to put your available inventory to the best use. Chances are you do have some inventory–make sure it’s being put to the best use with automation and data analytics. In more buoyant times, companies are often optimizing inventory to reduce cost or maximize revenue to grab market share. Knowledge is power. ?

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ChatGPT and the Revolution of AI-First Forecasting

Logility

We get a transformative shift that allows companies to plan demand and inventory at the sheer speed of the market. Companies are now equipped to plan demand and inventory with unparalleled speed, aligning their strategies more closely with real-time market demands. In supply chain planning, this translates to a transformative shift.

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What is Reverse Logistics and How Is It Different than Traditional Logistics?

GlobalTranz

Learn more about reverse logistics and core considerations by downloading the ebook: Mastering Reverse Logistics Guide. The manufacturing firm would then have to organize shipping of the defective product, testing the product, dismantling, repairing, recycling, or disposing of the product.

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4 Ways to Optimize Your Shipping Network Strategy

GlobalTranz

One such area that offers the greatest opportunity is shipping network optimization. The question is, how can a company optimize its shipping network? download ebook. download ebook. Optimal shipping networks are not “one size fits all.”

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What Are the Top Warehouse Management KPIs Every Supply Chain Exec Should Measure

GlobalTranz

Download ebook. You need to monitor inventory turnover, the carrying cost of inventory and the average inventory value, explains Paul Trujillo of Business 2 Community. Carrying Cost of Inventory = Inventory Carrying Rate (How Long a Product Stays in the Warehouse) * Average Inventory Value.

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Optimize Material Flow in Medical Device Manufacturing

DELMIA Quintiq

Key challenges include balancing growth and market share over a five-year trajectory, coping with labor shortages, tackling ongoing supply chain disruptions, inefficient paper-based tracking, and struggling with poor inventory management and limited visibility.

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Dynamic Fulfillment 101: The Cost-Based Approach and The Three Keys to Optimizing Your Total Cost-to-Serve

ToolsGroup

It examines multiple objectives and factors like shipping costs, location-specific operational behavior, and store demand, and then analyzes every permutation – in subseconds. 1 – Ship Cost The first component is ship cost. #1 1 – Ship Cost The first component is ship cost. What do we mean by expected revenue ?