Articles

Inventory Management

Inventory Turnover Ratio: What It Is, How to Calculate and Significance
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Inventory Turnover Ratio: What It Is, How to Calculate and Significance

Understanding the inventory turnover ratio provides invaluable insights into a company’s operational efficiency and financial health. It measures how often a business sells and replaces its stock within a given period, offering a clear snapshot of inventory management efficiency.  An optimal inventory turnover ratio measures indicates a company sells goods quickly, suggesting strong customer demand […]

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4 Types of Inventory
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4 Types of Inventory

Understanding the various types of inventory is crucial for effective inventory management. The four basic types – raw materials, work in progress, finished goods, and MRO inventory – form the foundation of most inventory systems. Managing these efficiently ensures a smooth production process and reduces costs.

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Warehouse vs. Inventory: Their Roles And Differences
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Warehouse vs. Inventory: Their Roles And Differences

Understanding the crucial differences between warehouses and inventory is essential for operational excellence in supply chain logistics. This article explores the roles and connections between warehouse capacities and inventory management in enhancing overall supply chain efficiency. The Role Of A Warehouse A warehouse is a storage facility that efficiently stores and protects goods until they […]

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Demand Planning vs. Supply Planning: Key Differences and Value
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Demand Planning vs. Supply Planning: Key Differences and Value

Demand planning vs. supply planning remains a cornerstone debate in the logistics sector. Both concepts are integral to supply chain management, determining many businesses’ efficiency, cost-effectiveness, and overall success. Recent studies indicate that organizations that effectively balance demand planning and supply planning see up to a 15% increase in forecast accuracy and a 35% reduction […]

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Inventory Management: Definition, Types, and Examples
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Inventory Management: Definition, Types, and Examples

Effective inventory management is the unsung hero of successful business operations, whether in the bustling retail world or in systematic manufacturing processes.  It’s a critical component that can dictate a company’s ability to meet customer demand, manage cash flow, and maintain a competitive edge.  According to a report by the National Retail Federation, the retail […]

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Backorder: Meaning, Causes, and How to Limit Them
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Backorder: Meaning, Causes, and How to Limit Them

Understanding what backorders mean, their causes, and how to limit them is essential for businesses and logistics professionals. As supply chain disruptions become more common in today’s global economy, managing backorders effectively can make or break a company’s success.  In this article, we explore the ins and outs of back-ordered items to equip businesses with […]

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This Ain’t Your Parents’ Inventory Cycle
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This Ain’t Your Parents’ Inventory Cycle

Speculation has been mounting that the inventory cycle is back. Profit warnings by major American companies such as GAP, Walmart, and Target that had taken on excess inventories and now needed to run them down raised concerns that a concerted drawdown of stocks could make a likely U.S. recession worse.

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Don’t Blame Lean Manufacturing
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Don’t Blame Lean Manufacturing

Lean manufacturing has been blamed for the recent supply chain crisis, with critics claiming lean and just-in-time (JIT) manufacturing encouraged extremely low inventories of raw materials and components. When the pandemic arrived, and supplies were disrupted, manufacturers had to stop production due to material shortages. This had cascading effects all the way down the supply […]

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Embracing the Opportunity in Returns
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Embracing the Opportunity in Returns

With the explosive growth of online shopping in recent years, largely fueled by the pandemic, returns are on the rise and have become a logistics headache for retailers, carriers, and consumers. The long-term impacts of this increased demand, and the resulting strain on retailers and supply chains, will largely depend on how retailers respond.

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Operating in Style
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Operating in Style

After working for several years in the field of styling and fashion, Joelle Desaulniers created the eponymous JOELLE Collection. The Quebec-based company offers unique dresses, sweaters, jumpsuits, and jewelry, among other items, through a thriving online business and a boutique in Trois-Rivieres. Another boutique in Place Ste-Foy is slated to open later in 2023.

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