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Why is inventory optimization important?

Inventory optimization has proven to be a great tool in keeping records and the inventory flow from inside to the outside of the organization. With newer advanced technology and innovations, the business world is undoubtedly changing. More recent trends are taking place, eliminating the traditional options. Globalization, digitalization has not brought changes only in the …

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Supply Chain Digitization

Why is Supply Chain Digitization Important?

Supply chain digitization can bring a whole-lot difference in the traditional business processes and their supply chain operation. Newer innovation and technologies are already in the application of different business processes. Consumers worldwide are well known about the market conditions and demands, and they expect more visibility and efficiency from the companies. Even the companies …

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The Global Impact of Tariffs Changes on Inventory Management

After Trump imposed tariff changes in May 2019, the retail industry became threatened. Do you know how do tariffs affect companies inventory system? It is believed the amendments came as a result of the trade war between China and the US. When the war trade began, large retailers who had been performing well started witnessing …

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inventory-management-in-the-supply-chain

The Business Value of Supply Chain Management

The supply chain used by a company is one of the most valuable assets to its business and its vendors. However, supply chains’ designs and their management involve a hefty price. In today’s competitive scenario, most organizations have failed to completely realize the business value offered by effective supply chain management. Consequently, supply chains of …

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Excess Inventory

What is Excess Inventory?

Do you know what is excess inventory? Excess inventory refers to products that sell slow and exceeds the market demand of that particular product. Economically, excess inventory relates to several significances such as late stock delivery and when that happens, there is nothing you can do other than come up with strategic ways to deal with the …

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