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Reducing Obsolete Inventory: A Practical Guide

SCMDOJO

Such as: Real-time visibility into stock levels Visibility of stock location and movement When accurate and up-to-date information on the product quantity is available to a particular firm, it dramatically helps a company’s growth and reduces obsolescence. Moreover, Obsolete inventory damages future stock as well.

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Types of Supply Chain Reports: Definition and Benefits

SCMDOJO

Supply chain reports are data-driven documents that provide key metrics and insights into various aspects of your supply chain, including: Inventory Levels Tracking stock levels in real-time to ensure adequate inventory to meet demand while minimizing holding costs.

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AI in Logistics – The Ultimate Guide

Procurement Tactics

In this article, we will explore the role of AI in logistics, discuss its importance, and the best practices for implementing AI in logistics. With the increasing demand for faster and streamlined transportation of goods, companies are leveraging AI to automate processes and optimize their operations. What is AI?

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Supply Chain Visibility – An Overcomplicated Challenge!

Supply Chain Game Changer

Supply Chain Visibility Has Never Been More Important! Supply Chain visibility article and permission to publish here provided by Adam Miglio. would demand its implementation. Even the most robust ERP systems seem to lack the visibility that organizations are desperate to acquire, and in real-time.

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Hot Off the Grill: Optimizing Summer Supply Chains for Seasonal Staples

Speaker: Glenn Koepke and Steve Rotter

This webinar – coming to you from Glenn’s own backyard – discusses the importance of supply chain visibility for seasonal shipping, new product promotions, and holiday ramping in the F&B and retail industries while providing sizzling secrets to creating the juiciest meats for your barbecue.

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Responding in real time to changing market dynamics

IBM Supply Chain Blog

These shifting dynamics bring about unexpected disruptions—like changes in levels of demand—impacting your ability to effectively manage your inventory, satisfy your customer needs, and ultimately your bottom line. For example, you could renegotiate a supply contract to keep business inventory costs low.

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Inventory Management — Everything You Should Know

Procurement Tactics

In this article, we will tell you what inventory management is. We will tell you the importance and some of the most common methods used in inventory management. Additionally, we will tell you the benefits of managing your inventory effectively. Thus, ensuring that you can always fulfill the demands of your customers.

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