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In-transit inventory is a frequently overlooked aspect of inventory management and accounting for product businesses. Let’s break down what it is, how to calculate its value, plus a few tricks for smarter management of in-transit goods. What is in-transit inventory? In-transit inventory is products that have been shipped by the seller but have yet to reach the customer.
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Measuring the Value of Optimized Inventory in Service Parts The spare parts market is big business, with the global automotive spare parts market valued at US $160.69 billion in 2021 and projected to grow to US $264.68 billion by 2030. It is a complicated, availability-driven industry, but the prize for getting inventory distribution right is significant.
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Courtney Folk and Joe Lynch discuss the Renewal Logistics story. Courtney is the Co-Founder and CEO of Renewal Logistics , a full-service apparel fulfillment company that is the largest independent apparel restoration company in the US. About Courtney Folk Courtney Folk is the Co-Founder and CEO of Renewal Logistics, a full service apparel fulfillment company that is the largest independent apparel restoration company in the US.
Be careful where you hidewhen you’re playing hide-and-seek. A 15-year old boy from Bangladesh was playing hide and seek with his friends and he hid inside a shipping container. Unfortunately, he locked himself in, fell asleep, and ended up in Malaysia six days later. “The boy was locked inside the container for 6 whole days. Read more The post Above the Fold: Supply Chain Logistics News (February 3, 2023) appeared first on Talking Logistics with Adrian Gonzalez.
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Eddie Misicka and Joe Lynch discuss building wolrd class tech for final mile. Eddie is the Vice President of Product Development at OneRail an Orlando-based last mile transportation visibility solution providing shippers with Amazon-level dependability and speed. About Eddie Misicka Eddie Misicka is the Vice President of Product Development at OneRail.
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Note: Today’s post is part of our “Editor’s Pick” series where we highlight posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics. In this January 31, 2023 post from Uber Freight’s blog, Mazen Danaf, Senior Economist at Uber Freight, outlines why GDP is not.
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