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Four ways Inventory Optimization can address tighter supply constraints

ToolsGroup

The Wall Street Journal recently advised “In the battle for economic supremacy, investors should quickly be realizing it’s increasingly about supply, not demand.” ( The Next Challenge for Global Growth: Keeping Up With Demand , April 24, 2018 ). Inventory (both finished goods and materials) can then be allocated to more critical demand.

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Editor’s Choice: The Journal to Perfect Delivery

Logistics Viewpoints

Ensuring perfect delivery requires knowing the status of your inventory. That means you’ll want to gain visibility into your inventory across all of your warehouses, distribution centers, and other stocking locations. The post Editor’s Choice: The Journal to Perfect Delivery appeared first on Logistics Viewpoints.

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Inventory and Inflation

Enterra Insights

The irony of excess inventory. ”[3] He continues, “The past two years have been blighted by supply shortages — with just-in-time retailers struggling to ship their goods, electronics manufacturers staring down a shortage of computer chips, and supermarkets struggling to fill their shelves. ” Optimizing inventory. .”

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Resilience by Design: The Power of Simulation in Supply Chain Strategy

Logistics Viewpoints

To demonstrate that classic (single time series demand input) optimization and stochastic (multiple time series demand input) optimization can yield substantially different results, we will analyze a network of a company A that has four manufacturing plants that need to service demand in every mainland US state.

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How Manufacturers Can Take Control of Inventory with RFID Technology

QAD

Manufacturers may not think they have much in common with the retail companies beyond producing the products that stock store shelves, but there could be a lot to learn from the latter as the manufacturing headwinds of the last few years carry into 2023. and bring inventory accuracy up to an impressive 99.9%.

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The Absolut Company: Balancing Service and Inventory Creates a Delicious Mix

ToolsGroup

A recent feature in The Wall Street Journal highlighted how Absolut’s modern approach to supply chain planning balances nicely with the company’s traditional production practices. Absolut also has a better overview of the bottlenecks and they can keep a higher deliverability when their inventories are temporarily low.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. 49% of respondents were from the manufacturing industry, 16% from the mechanical engineering sector, and 11% from the automotive market. McKinsey ).