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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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My Inventory Control at Home

Logistics at MPEPS at UPV

For example, I decided to always have in stock at least 5 bottles of 8L of water or to have 1 kg of lentils. Of course, it used to be much cheaper when I lived with my parents… In conclusion, this small inventory control exercise showed the benefits of keeping track of the stuff you buy, even though they are essential goods.

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Inventory Management in Service Logistics Industry

Talking Logistics

What is Inventory Management? For Manufacturing it’s about carrying zero or minimum inventory. For Logistics the focus is on high inventory turns. For Logistics the focus is on high inventory turns. Inventory Management is about having a right balance of expectations from different functions of the supply chain.

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

Logistics Viewpoints

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. this experience has changed how we dress and exercise.

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3 Ways to Benchmark to Boost Supply Chain Performance

Logistics Bureau

If you’ve never done a benchmarking exercise before, read on. If, for example, you are concerned about the pick rates in your warehouse, or your transport costs, or your inventory accuracy, benchmarking can help you because it can show you exactly where your performance is compared to others in your industry.

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Port Congestion Surcharge, is it the New Norm?

ShipLilly

Examples include port fires, inclement weather, and labor disputes. The first thing is to consider the discretion exercised by the shipping companies when calculating the congestion surcharge. For example, they may consider a percentage of the cargo or alternatively a percentage of one TEU. e) Influencing terminal operations.

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Supply Chain Design: A Tool to Help Maximize Value

Logistics Viewpoints

A company can choose to maintain a high level of costly inventory to ensure short lead times, and a family can decide to live farther away from work and school but buy a bigger house. Moreover, this exercise might need to be repeated several times depending on how the war proceeds. But optimization is much more than that!