Remove Examples Remove Exercises Remove Inventory Remove Meeting
article thumbnail

Ways to Handle Excess Inventory in Retail

ShipLilly

Questions about dealing with excess inventory Given what has happened before, it is not entirely surprising that many retailers are contending with elevated levels of excess inventory. This is a trend that is undesirable since excess inventory tends to have a detrimental effect on cash flow.

article thumbnail

Editor’s Choice: 8 Supply Chain Planning Challenges Retailers Will Face In 2022 And Tips To Overcome Them

Logistics Viewpoints

Insufficient materials to meet customer demand. The ongoing chip crisis since last year affecting 100+ industries is the best example: supply couldn’t meet the increased demand, which led to rising prices and shortages in computers, cars, and pretty much any other electronics product with chips.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Consumer Packaged Goods: How CPG Shipping Works

GoShip Blog

Some examples of CPGs are personal hygiene products, food, beverages, and cosmetics. These types of goods are also meant to be consumed almost immediately, so CPGs are usually shipped in massive quantities to meet the consumer’s demands. Examples of goods under this category are shoes, dresses, cars, jewelry, and perfumes.

article thumbnail

Know Your Supply Chain KPIs – Procurement

Logistics Bureau

For example, you might use simple observation to identify visible defects at goods-in, or you could make your analysis a bit deeper by testing a percentage of items received from the supplier. For example, every purchase order costs money to raise and process, as does every invoice. Supplier Defect Rate.

article thumbnail

High Ocean Freight Rates Might Spoil Holiday Season Shopping This Year

Turvo

In such tricky times, exercising forward-thinking and planning shipments in advance can help businesses take advantage of the holiday season. The Meishan terminal at the Ningbo-Zhoushan Port shutdown is the perfect example of this. Stocking up on the inventory is the need of the hour.

Freight 85
article thumbnail

A Guide to Optimizing Your Inbound Freight Management 

GoShip Blog

Without them, you would not be able to meet customer demands. If raw goods are delivered on time and without any damages or missing inventory, you can head straight to the manufacturing of your products. Exercise patience when asking freight providers to take on new lanes.

Inbound 52
article thumbnail

5 Paths to Better Supply Chain Visibility

Now, That's Logistics

Once you’ve come up with a few ideas, meet with internal departments, Tier I vendors, logistics providers, and other stakeholders to discuss these problem areas. For many manufacturing and distribution organizations, for example, inventory management may be the pain point most worthy of attention.