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How to Improve Inventory Turnover with Inventory Optimization

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How to Increase Inventory Turnover with Inventory Optimization. The concept of inventory optimization helps many businesses improve their inventory turnover – without damaging stock availability. This post will explain how, but first, let’s deal with a few simple definitions. Improve demand forecasting accuracy.

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Companies Improve their Supply Chains with Artificial Intelligence

Logistics Viewpoints

Machine Learning, a Form of Artifical Intelligence, Has Feedback Loops that Improve Forecasting. Further, while artificial intelligence helps solve certain types of problems, Jay Muelhoefer – the chief marketing officer at Kinaxis pointed out – optimization and heuristics work better for other types of planning problems.

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What is LTL Shipping and How Does it Work?

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Image source: iStocks | What is LTL Shipping and How Does it Work? This article will provide a detailed reference to LTL shipping, including the definition of LTL, shipping prices, delivery method, and how to manage your LTL shipment to the fullest. How to optimize LTL shipping? What is LTL freight?

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The New Definition of Supply Chain Agility and Resilience in an Unpredictable World

Logistics Viewpoints

The definition of agility and resilience will continue to evolve. To improve the entire network’s responsiveness to increasingly shortened lead times, trading partners are working together to seamlessly manage product flow throughout the supply chain and across all fulfillment channels ? And Agility Can Help Improve Profitability Too?

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New Study Shows Global Trade Compliance Is Not Slowing Down Any Time Soon

Logistics Viewpoints

Uyghur Forced Labor Prevention Act (UFLPA) and the European Unions Forced Labor Regulation (FLR) are prime examples of this tightening framework. It adopts the International Labor Organizations definition of forced labor and mandates the European Commission to release compliance guidelines by June 2026. from Canada and Mexico.

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Procurement Logistics: What Is It & Where Do Logistics Providers Fit In?

GlobalTranz

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. For example, transportation management often focuses on the journey of products after manufacturing. The Definition of Procurement Logistics.

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The Power of the Network: ERP vs. Spend Management

Logistics Viewpoints

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. For example, are you still a minority owned company?