How Blockchain is Transforming Supply Chain Management
There are many new technologies revolutionizing the way the supply chain functions, from artificial intelligence to automation. However, there’s one cutting-edge technology that’s only just starting to impact the supply chain, but which promises to be a game changer: blockchain. Originally developed for the cryptocurrency space, blockchain technology is often described as a “decentralized ledger,” […]
Improving Inventory Management with Advanced Analytics
The way a business manages its inventory can have cascading impacts on everything from profitability to customer satisfaction. This is particularly true in today’s modern buying era, shaped by trends such as e-commerce and a globalized supply chain. Traditionally, inventory management methods often relied on manual processes and limited data analysis, leading to common challenges […]
Exploring the Implications of Just-in-Time (JIT) Inventory Management in the UK Automotive Industry
Just-in-time inventory management, also known as JIT, is a strategy used in the supply chain, where orders of raw materials are aligned with production schedules, so goods are produced as-needed. There are many potential benefits to just-in-time inventory management, from reduced storage costs to reducing excess and waste. And while this system can be found […]
Optimizing Inventory Management Using Predictive Analytics and Demand Sensing Techniques
Managing inventory can be challenging for modern supply chain businesses. Buying trends change at the drop of a hat, technology is leading to a neverending surge of new products, and the market fluctuates from one hour to the next. However there are two tools that inventory-based businesses can use to best anticipate consumer demand for […]
Understanding Warehouse Overflow and How to Navigate It
Maintaining equilibrium in a warehouse is a balancing act: you need to keep enough inventory on hand to meet customer demand, without having too much in stock. When you have excessive inventory in your warehouse, it leads to situations of overstocking, where your warehouse simply has too much of a certain item. This can be […]
What is Consumption Based Planning and Ordering?
Managing inventory appropriately is essential for businesses in the supply chain. Keeping the right amount of stock on hand allows businesses to meet customer demand while avoiding fees associated with excess stock, fueling profitability. For this to be the case, decision-makers need to use planning and ordering methods which lead to accurate stock levels. One […]
6 Methods for Warehouse Productivity Improvement
Warehouse operations play a central role in the outcomes of inventory-based businesses, and impact everything from the customer experience to revenue. When warehouses are inefficient, inventory can be mismanaged, customers might experience delays, and technological solutions will likely be outdated, leading to backlogs and inaccuracies. However, by taking steps to improve warehouse productivity, inventory-based businesses […]
How to Improve Warehouse Efficiency in 2024
Warehousing is the backbone of inventory-based businesses, and warehouse optimization plays a large role in the way businesses today function. For example, bottlenecks, errors, and delays in the warehouse can lead to cascading impacts within a business and can impact everything from customer satisfaction to revenue. Plus, given the complex and fast-changing nature of today’s […]
Why Do Companies Choose to Use an Inventory Warehouse Management System?
Today’s warehouses are dynamic, complex operations that involve many moving pieces. For inventory-based businesses to operate as efficiently as possible, they need to deploy robust systems and technologies that provide real-time visibility and maximum inventory control. For this, many organizations choose to deploy a comprehensive inventory warehouse management system. Efficient inventory and warehouse management is […]
Inventory Management vs. Warehouse Management: Understanding Key Differences
When it comes to ensuring the seamless flow of goods, inventory-based businesses need to effectively manage resources, spaces, and logistics. In this field, two primary processes govern how goods flow from manufacturers to consumers: inventory management and warehouse management. And while these processes have similar names and they overlap in their goals, they have notable […]
