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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.

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Energy and Labour Costs: 2 Top Warehousing Challenges in 2023

Logistics Bureau

Of course, there is no quick and easy way to curb increases in the cost of energy and labour, but now is an excellent time to start thinking about practical ways to reduce energy usage and increase labour productivity and efficiency. There are several possible ways to eliminate this form of energy wastage.

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Leverage freight data for confident demand planning

FreightWaves SONAR

Lack of data, lack of conviction and lack of organizational agility all conspire to keep companies from recognizing medium-term opportunities and challenges and responding decisively. It’s hard to find good data that provides a view into the next few months of consumer behavior and economic activity.

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Cost to Serve Analysis—And the Costs of Neglecting It

Logistics Bureau

If your business is experiencing a persistent reduction in profit margins, analysing your cost to serve is an advisable step in diagnosing the causes. Supply/Inventory Management Inventory management problems and supplier relationship issues , too, can creep in over time and eat away at your profit margins.

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8 Reasons Why Your Business’ Success Depends Upon Your Supply Chain

Logistics Bureau

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

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5 Paths to Better Supply Chain Visibility

Now, That's Logistics

By putting data into the hands of the companies, business partners, and customers that want it, supply chain visibility helps all stakeholders track products from the point of manufacture to the final destination—and all points in between. 5 Good Supply Chain Visibility Strategies. Break down your data silos.

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7 Reasons Why the Supply Chain Matters to Business Success

Logistics Bureau

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.