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Assess your Inventory Optimization Process with This Quiz

AIMMS

Inventory management has always been challenging. Too often, inventory is viewed from an aggregate position, likely driven by finance, who are concerned about working capital implications. Inventory should act as a buffer to adsorb variability and decouple the demand from the supply side of our supply chains. – Tweet this.

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Here’s How to Measure Inventory Health

ToolsGroup

Looking for a relatively quick way to measure inventory health? “It Even though we’re talking about inventory, we first have to understand customer buying behavior—and how that then translates into inventory requirements.” This is different from problematic ABC inventory classification.

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Better Inventory Management Requires International Suppliers To Step Up to Digital Transformation and Collaboration

Logistics Viewpoints

While consumers may see some short-term benefit in the form of discounted goods, many retailers have had to reset investor expectations , reflecting the expected hit on margins from carrying so much inventory. Inventory management is challenging enough in normal times. So, what is it going to take to enable better inventory management?

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The Best Way to Set Inventory Targets?

ToolsGroup

Source: Gartner, Cover Considerations—How to Optimize Retail and Consumer Product Inventory Targets, 2017. But I have to differ with the conclusions of a recent report, “ Cover Considerations — How to Optimize Retail and Consumer Product Inventory Targets.”. Frequency of placing orders - Connecting order frequency to inventory needs.

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How Does Your Inventory Optimization Process Compare to Peers?

Take it now to see how your inventory optimization process scores and benchmark it against peers. We hope it serves as a thought-provoking exercise to improve your approach! --> Are You Betting on the Right Tools to Succeed in 2021? The 15-question assessment takes only 5 minutes to complete.

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Assess your Inventory Optimization Process with This Quiz

AIMMS

Inventory management has always been challenging. Too often, inventory is viewed from an aggregate position, likely driven by finance, who are concerned about working capital implications. Inventory should act as a buffer to adsorb variability and decouple the demand from the supply side of our supply chains. – Tweet this.

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Inventory Management in Service Logistics Industry

Talking Logistics

What is Inventory Management? For Manufacturing it’s about carrying zero or minimum inventory. For Logistics the focus is on high inventory turns. For Logistics the focus is on high inventory turns. Inventory Management is about having a right balance of expectations from different functions of the supply chain.