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Mastering Demand Planning: Best Practices and Tools for an Efficient Supply Chain

10xLogistics

I am continuing my series on simple definitions and thoughts in Supply Chain Management. Demand planning is a critical component of supply chain management that predicts customer demand to optimize inventory, ensure on-time deliveries, and manage production schedules efficiently. And why it is so underused I will never understand.

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Ecommerce Inventory Management: Challenges & Solutions

Logistics Bureau

Effective inventory management has become increasingly crucial for businesses in this fast-paced and rapidly evolving era of ecommerce. Moreover, the ecommerce explosion has brought new and unique challenges that complicate inventory management for enterprises selling online.

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How to Calculate Inventory Holding Cost or Carrying Cost

Ship Monk

Back then you didn’t need to know about holding costs because Mom and Dad let you store your inventory for free. What is Inventory Holding Cost? Holding cost (or carrying cost) by definition, is the cost of holding inventory in a warehouse until it is sold or removed. carrying costs, and needed to learn what those are.

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Automation Hero October 2021: TerraSana

EazyStock

Wouter van der Zwaan, Finance and IT Manager at TerraSana Natuurvoeding BV, was looking for a solution to improve his company’s capabilities in terms of inventory optimization. TerraSana is growing fast, and it was getting harder to manage our inventory. What other tools do you use for automation?

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Top Ecommerce Trends for 2024

Ship Monk

ShipMonk nurtures relationships and facilitates integrations with shipping companies, as well as providers of third-party tools and systems that enable ecommerce businesses to thrive. If your ecommerce brand hasn’t explored other sales channels, you are definitely missing out. That’s where creating an omnichannel experience comes in.

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Inbound vs. Outbound Logistics: Understanding the Key Differences and Optimizing the Last Mile

Locus

Inbound logistics activities typically include transportation, warehousing, inventory control, material handling, quality control inspections, and scheduling. Focus Procurement, receiving, storage, and inventory management. Inventory Management: Inbound logistics play a critical role in inventory management.

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How Landed Cost Affects Ecommerce Profitability

Ship Monk

COGS is the sum of all direct costs that went into producing or purchasing a product, plus inbound shipping and inventory storage and setup costs. The formula for calculating landed cost is as follows: Landed Cost = Unit Cost of Product + Shipping + Customs + Risk + Handling. How to Calculate Landed Cost. Duty-free Imports.