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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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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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