Lecture 7
Inventory. It’s in your warehouses, 3PL providers or fulfillment centers. It’s inventory you’ve already bought that is waiting to be sent to customers. What you might not think about is the inventory that you don’t have yet. In this article, we’ll discuss what pipeline inventory is, the common challenges associated with these systems and the solutions to managing your pipeline inventory. Read more on this free link
Average inventory is the mean value of a company’s inventory over a specific period. Like any other average, it’s calculated by adding two values and dividing by two. In this case, the beginning inventory is added to the ending inventory of a time period. Divide the sum by two to determine the average inventory on hand.Read more on this free link
A person who runs a business, no matter big or small, understands that inventory management is crucial for competitive warehousing and fulfillment success. But what is your beginning inventory number? How many items are coming to your warehouse? How many products have been sold last month? What is the deadstock ratio? Read more on this free link
Inventory management is key to managing costs and maintaining customer satisfaction. Too much inventory on hand means capital is tied up unnecessarily and may even be at risk. For example, some perishable, trendy or seasonal items may not last for long. Read more on this free link
In a company’s inventory, nothing can hurt the bottom line more than over or understocking a product. Employing modern inventory management can help businesses maximize their profits and mitigate risks. Read more on this free link
You make decisions all day every day. And if you’re in the logistics business, one of those decisions is probably about how you want to transport your goods. Sometimes this decision is straightforward,Read more on this free link
In today’s emerging marketplace, businesses strive to increase their profitability and simultaneously remain competitive in an unpredictable economy. While every organization is different with unique products and business strategies, transportation often represents one of the largest costs importers will face. Read more on this free link
Biden Announces Measures at Major Ports to Battle Supply Chain Woes. The Port of Los Angeles will join the Port of Long Beach in operating 24/7 as the administration struggles to address a problem that is boosting inflation. Read more on this free link
Find the Weak Link in Your Supply Chain by David Simchi-Levi. A big challenge in today’s world of far-flung, complex supply chains is the limited understanding of the impact on your operations of unexpected disruption at one supplier’s site. Read more on this free link
This study analyses the supply chain operations and risk management approaches of global footprint companies and looks at their operations and financial performance in the face of supply chain disruptions. Read more on this free link
Kris Timmermans, senior managing director and global lead for supply chain operations with Accenture, and David Simchi-Levi, professor of engineering systems at MIT, discuss their joint effort in creating a stress test for assessing the risks to supply chains of major disruptions. Read more on this free link
Recent Progress at Our Ports: Moving Cargo and Filling Shelves. Earlier this month, we announced that we would, twice a month, track how well our nation’s transportation and logistics supply chain is handling the increase in demand for goods Read more on this free link
How important is model risk? Model risk may be particularly high, especially under stressed conditions or combined with other interrelated trigger events. Read more on this free link
A resilience-building approach to compare and contrast supply chain disruptions, especially how the Covid-19 pandemic fits into supply chain management’s risk universe. Read more on this free link
The global pandemic has exposed serious flaws in supply chains, including critical ones for industries such as pharma and medical supplies. Shortages of personal protective equipment for health workers and ventilators in hospitals are the most prominent ones. Read more on this free link
Three Scenarios to Guide Your Global Supply Chain Recovery. Even as the business climate remains deeply unpredictable, supply chain leaders should act now to plot their comebacks. Read more on this free link