Ever wondered how to handle perishables in your business without watching your profits wilt away? Managing inventory with a short shelf life is a delicate dance, but with the right moves, you can turn what seems like inevitable waste into a source of profit. From smart forecasting to creating value-added products, there are several strategies you can employ to ensure nothing goes to waste. Have you tried any innovative approaches to manage perishable goods in your business? What's worked for you?
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Exciting times ahead for the pallet industry! The US pallet market is set to experience remarkable growth, projected at 22.2% during the forecast period. As businesses adapt to evolving supply chain dynamics, the pallet's pivotal role becomes even more pronounced. This surge not only reflects economic vitality but also underscores the strategic importance of logistics infrastructure. Are we witnessing a paradigm shift in how we move goods, or is this merely the tip of the pallet revolution? What do you think?! https://lnkd.in/gDbifnmA.
Pallet Market in US to grow by 222.89 million units from 2022 to 2027 | The high applications of pallets in shipping and load-handling sectors drives the market - Technavio
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We're sharing the our secret sauce to success 💯 It's old-reliable, value-added services. We go the extra mile and ensure timely delivery and intact products by addressing challenges in bulk ingredient sourcing across various facets. Read more about our secret sauce to success in our latest blog: https://lnkd.in/evsieY2N
The Secret Sauce To Our Success: It’s All About The Service - ingredient brothers
https://ingredientbrothers.com
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Imagine a system where materials arrive at the factory exactly when they will be used, without the need for large stocks. This is the essence of Just in Time: minimizing stock and eliminating waste, resulting in numerous benefits. Some of these are: - Reduced storage costs: less physical space means lower rental, maintenance and labor costs. - Reduced losses: products with a shorter storage time are less likely to be damaged or become obsolete. - More flexibility: adapting quickly to changes in market demand, without accumulating surplus products. - Improved quality: focus on receiving only the materials needed, ensuring greater control and quality. - Increased productivity: optimization of the production flow and elimination of bottlenecks. With expertise and proven experience, Ascensus Logistics USA helps you implement Just in Time effectively, optimizing your logistics processes and boosting your bottom line. Get in touch and find out more! Your business is our mission. 📞 1 786 829 3787 📧 [email protected] 🌐 www.ascensus-us.com #ascensuslogisticsusa #unielocomunicacao #ecommerce #fulfillment #warehouse #PackagingAndLabeling Photo by piasupuntongpool - Envato
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5 ways you're damaging your supply chain (without even realizing it) 1. Overlooking Packaging Efficiency Inefficient packaging can lead to increased costs and waste. 2. Ignoring Sustainability Non-eco-friendly materials harm both the environment and your brand reputation. 3. Poor Inventory Management Inefficient packaging solutions can cause storage and transportation issues. 4. Neglecting Durability Fragile packaging increases the risk of product damage and returns. 5. Lack of Customization One-size-fits-all packaging doesn’t address specific product needs, leading to inefficiencies. 📌Effective packaging is the backbone of a streamlined supply chain. Have you encountered any of these issues in your supply chain? Let's discuss how our solutions can help. #SupplyChain #PackagingSolutions #Sustainability #Logistics #automotive #sustainablity
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Is your perishable inventory costing you money? Across Food and Beverage, Medical, Cosmetic, and more, many industries deal with items that have expiration dates but are not effectively planning for their usage. This waste not only cuts into your revenue, it has bigger indications about your operations. Watch how your business can quit wasting time and inventory. 👇
Minimize Perishable Inventory Waste
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📦 Elevating Packaging Efficiency: Tom Sourcing's Pursuit of Excellence! 🌐✨ At Tom Sourcing, our journey doesn't end with logistics; it extends to continuous improvement and customization to deliver excellence. Today, we're excited to share a recent endeavor in enhancing our packaging efficiency. 📈 📬 Customer Collaboration: In the spirit of collaboration, we received our customized boxes today after a patient wait post-Chinese New Year. As we unpacked and tested, the excitement was palpable. Your insights and feedback matter to us, driving our commitment to delivering the best. 📐 Tailoring to Perfection: After placing 10 sets of bags in the box, a realization struck—we could optimize further! The solution? A slightly shorter box, about 5cm less. Not only does it save on materials and freight, but it also ensures added protection by eliminating unnecessary space that could lead to crushing during transit. 📸 [Attached Pictures - Box Comparison] 🔧 The Process: We've already taken action. A new, smaller box is on its way for testing. If all goes well, we'll be implementing this enhancement across the board—ensuring efficient packaging that aligns with our commitment to sustainability and cost-effectiveness. 💡 Why Customization Matters? 1, Cost Efficiency: Streamlining packaging for optimal use of materials. 2, Environmental Impact: Reducing waste with tailored solutions. 3, Customer-Centric Approach: Your insights shape our improvements. 🌍 Your Trusted Partner in Excellence: At Tom Sourcing, we're not just about shipments; we're about perfecting every step of the process. Stay tuned for more updates as we continue to tailor solutions that exceed expectations! #PackagingExcellence #TomSourcing #ContinuousImprovement #CustomerCollaboration #LogisticsInnovation
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Thrilled to share a glimpse into the heart of our operations - our cutting-edge cold storage warehouse! As temperatures start to rise outside, our facility comes alive, meticulously preserving perishable goods and ensuring they reach customers' tables with absolute freshness. What sets us apart? Precision Temperature Control: Our facility is equipped with top-of-the-line refrigeration technology, maintaining optimal conditions round the clock. Space Optimization: From dairy to pharmaceuticals, our warehouse caters to diverse needs, maximizing space without compromising quality. Stringent Quality Assurance: Every product entrusted to us undergoes rigorous quality checks, ensuring compliance with industry standards and client specifications. 💡 Why it matters: In today's dynamic market, ensuring the integrity of perishable goods is paramount. Our warehouse offers peace of mind, safeguarding products throughout the supply chain. Sustainability is at our core. By minimizing waste and extending shelf life, we're not just preserving products but also reducing environmental impact. 🤝 Join us in the journey! Curious to learn more about how our cold storage solutions can benefit your business? Reach out to us today or visit our website for insights into our comprehensive offerings. Let's elevate your supply chain together! 💼 #ColdStorage #SupplyChain #QualityAssurance #Logistics #Sustainability #Innovation
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Take a look at this incredibly detailed and pragmatic overview from Marcia D Williams from USM Supply Chain Consulting illustrating how waste can absolutely impact your #Supplychain performance including excess inventory. #supplychainvisibility #Inventorymanagement #Transportation https://lnkd.in/gKPmAghv
Optimizing Supply Chain-Finance Planning (S&OP/ IBP) at Large Fast-Growing CPGs for GREATER Profits with Automation in Excel, RPA, & Power BI | Supply Chain & Procurement Consultant | Educator | Author | Speaker |
Where's the waste 🗑️ in supply chain? Is it everywhere? This infographics contains 8 types of waste that can ruin your supply chain: 🗑️1️⃣ Defects 👉 Products or raw materials that fail to meet the standards 🗑️2️⃣Overproduction 👉 Production is more than demand 🗑️3️⃣Waiting 👉 Process bottlenecks and downtime 🗑️4️⃣Non-utilized talents 👉 Suboptimal resource allocation 🗑️5️⃣Transportation 👉 Inefficient shipping methods or going further, the need for transportation at all 🗑️6️⃣Inventory 👉 Excess/ surplus of product or raw materials or packaging 🗑️7️⃣Motion 👉 Unnecessary movement of product, people, or equipment 🗑️ 8️⃣Extra processing 👉 Work in excess; doing more work to provide the customer with the same value Any others to add to the list? #supplychain #salesandoperationsplanning #integratedbusinessplanning #procurement
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Navigating the Rollercoaster of Raw Material Costs! Corrugated converters, feeling the squeeze of raw material costs? Don’t worry, Kissel Wolf is here to help you navigate the ups and downs with ease! Here’s how you can stay ahead: 🌟 Diversify Suppliers: Don’t put all your eggs in one basket. Spread your risk by sourcing from multiple suppliers. 🌟 Optimize Production: Minimize waste and maximize efficiency. Every bit counts! 🌟 Stay Informed: Keep an eye on market trends and forecasts to prepare and adapt. By implementing these strategies, you can mitigate risks and keep your operations running smoothly, even in challenging times. Ready to take control of your supply chain? Let’s work together to build a resilient and efficient system for your business! 👉 Visit https://lnkd.in/dFvE_gNF to learn more and get started today! #SupplyChainManagement #CorrugatedConverters #RawMaterialCosts #BusinessResilience #KisselAndWolf #Efficiency #MarketTrends
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International Buyer | Global Procurement Professional | Specializing in Stock Clearance & Supplier Negotiations
Addressing global overstock requires a multi-faceted approach involving sustainable production, efficient distribution, and responsible consumption. Collaborative efforts among industries, governments, and consumers are essential to finding viable solutions. Implementing circular economy models, promoting product reuse, and investing in innovative technologies can help alleviate overstock issues. Let's work together towards a more sustainable future! #GlobalOverstock #Sustainability #CircularEconomy #ResponsibleConsumption #Innovation
Customer Success & Sales | Enhancing Client Satisfaction through Data-Driven Insights, Technical Expertise, and Quality Assurance | Driving Revenue Growth and Operational Excellence | Lean Six Sigma | DMAIC | Dog Lover🐶
Before I started to work in Ozeol.com I was not aware of the problems that companies endure with their inventories, more specifically with <<Overstock>> Did you know that global overstock losses amount to a staggering $480.9 billion annually? Inventory destocking, the strategic reduction of on-hand inventory, serves various purposes: Enhancing Cash Flow: Trimming excess inventory frees up cash for business investments or debt repayment. Mitigating Risk: Excess inventory increases vulnerability to losses if demand decreases. Destocking helps minimize this risk. Boosting Efficiency: Maintaining optimal inventory levels streamlines supply chain management and reduces costs. Facilitating New Products: Introducing new products may necessitate destocking to make room for the latest offerings. Clearing Obsolete Inventory: Getting rid of outdated or unprofitable inventory enhances overall inventory health. Regulatory Compliance: Some industries mandate destocking to comply with regulations, such as discarding expired food items. Avoiding Holding Costs: Lowering inventory levels helps reduce expenses associated with storage, like rent, insurance, and taxes. But is not always crystal clear when we need to destock although there is a few signs when it's time to destock: 🚫 Excessive inventory on hand. 🚫 High carrying costs. 🚫 Obsolete inventory. 🚫 Frequent stock outs. 🚫 Low cash flow. 🚫 Declining profits. If you notice any of these signs, it's crucial to assess your inventory and consider destocking. Additional tips for identification include tracking inventory levels, setting reorder points, analyzing sales data, and conducting regular audits. This is where Ozeol.com really helps their suppliers! There is lots of benefits of destocking such as: ✅ Reduced carrying costs. ✅ Improved cash flow. ✅ Increased profitability. ✅ Improved inventory management. ✅ Lowered risk. ✅ Improved compliance. Considering destocking? Weigh the benefits and drawbacks carefully, and remember that it can significantly improve your business's financial health. In Conclusion: Destocking is a powerful tool for businesses aiming to enhance their bottom line. Follow these tips for an efficient and effective destocking process. Considering destocking? Hit me up with a DM and I will do my best to assist you. #InventoryManagement #BusinessOptimization #Destockage #SupplyChain #RetailManagement #Logistics Paola Garcia Daniel Fonseca Thomas Tamayo E. Adiel Gutierrez Jaime Ortiz Sedano Sabrine Mlika
