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Supply Chain

Best practices to determine safety stock, reorder point and reorder quantity

Warehouse Management System

Determining safety stock, reorder point (ROP), and reorder quantity (often referred to as economic order quantity or EOQ) is crucial for effective inventory management across industries. However, the best practices for calculating these metrics can vary significantly depending on the industry, demand patterns, lead times, and other operational factors. 1. Safety Stock Safety stock is …

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Why Does ESG Matters in Supply Chain Management?

Supply Chain, Warehouse Management System
Why Does ESG Matters in Supply Chain Management?

Why Does ESG Matters in Supply Chain Management? In recent years, the importance of Environmental, Social, and Governance (ESG) considerations in supply chain management has become increasingly evident. According to a Survey by EY, A majority (80%) of senior supply chain executives are increasing their emphasis on environmental, social and governance (ESG) initiatives. Additionally, a …

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10 Common Warehousing Mistakes

Warehousing

Managing warehouses has become increasingly intricate due to supply chain bottlenecks and a surge in online sales, compounded by heightened expectations for rapid shipping. The evolving landscape places significant pressure on warehouses to deliver optimal performance. Regardless of size or experience, many companies encounter challenges in the warehouse management system. Efficient warehousing is pivotal in …

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