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Optimizing Inventory Is About Improving Service While Lowering Inventory. Wait, What?

ToolsGroup

One of the hardest parts of my job is helping customers get to grips with complex, counterintuitive supply chain concepts. Equally mystifying to people is the concept of inventory optimization. – Don’t you have to raise inventory levels to guarantee service levels?” A better way: Inventory mix optimization.

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Two Kinds of Supply Chain Risk and How to Prepare for Them

ToolsGroup

When most people think of supply chain risk, they often think about the impact of major unforeseen “headline grabbing” events - like the tsunami in Japan impacting automotive supply chains or horse meat making its way into British beef supplies. However because of (our software) operating so autonomously ….,

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Why you should modernize your spare parts planning

ToolsGroup

Aftermarket parts is a big net margin producer for many manufacturers, and yet service levels and inventory in these operations are often woefully sub-optimized (See CapGemini statics above). Some hesitate to focus on aftermarket for supply chain planning because it can seem just too hard.

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ToolsGroup/Engage Alliances Summit 2023 Launches New Era for ToolsGroup and Its Global Partners 

ToolsGroup

ToolsGroup’s sprawling partner network celebrates a history of collaboration and innovation while springboarding into the next generation of AI-powered supply chain transformations. Our holistic approach helps companies find unique solutions to complex supply chain challenges,” said Richard Barkevall, CEO.

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This Week in Logistics News (February 19 – 25)

Logistics Viewpoints

I thought I understood all the major supply chain implications of the pandemic until I began reading Yossi Sheffi’s new book The New (Ab)Normal: Reshaping Business and Supply Chain Strategy beyond Covid-19. The potential supply chain impacts of this conflict dwarf any other supply chain news that might be reported.

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October 11, 2023 Update

Freightos

Existing inventories by some importers and decisions to order early by others may have contributed to the brief and early peak in August. The outbreak of war in Israel has so far had little impact on ocean operations there or in the region, though many passenger and freighter flights to Israel have been canceled.

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How Blockchain Can Transform the Supply Chain

Logistics Bureau

Supply chain has become complicated. Whether for industrial equipment, consumer goods, food products, or digital offerings, supply chains have headaches a-plenty. Whether for industrial equipment, consumer goods, food products, or digital offerings, supply chains have headaches a-plenty. What is blockchain?