Inventory Based Businesses and Product Development Strategies
Any time you create a new product, you need a product development strategy that will help you bring your new product to your target market and ensure that you have the right inventory on hand to help you manage your product. With the right, most effective product development strategy, you can do a better job […]
How Do Businesses Use Inventory Forecasting Software To Prepare for Unexpected Downturns?
The last two years have seen unprecedented disruption across many businesses and industries. Businesses have found themselves struggling with inventory shortages and supply chain challenges. Not only that, many sources are warning of a potential economic downturn. Small business owners and large business owners alike are wondering how they can prepare for a potential downturn […]
7 Reasons to Move Away from Spreadsheets to Manage Inventory
It’s easy to get attached to your current inventory management systems. After all, chances are, they have worked for your business for several years. You may worry about the learning curve of moving away from spreadsheets as well as the potential expenses associated with moving to a comprehensive inventory management system. However, spreadsheets may not […]
How To Build the Right Inventory Management System
When you start looking into the best strategies for building an inventory management system for your business, you don’t just want a generic system that looks like anyone else’s. Instead, you want an inventory management system that takes the unique needs of your business and your supply chain into consideration. Look at the elements you […]
What is Inventory Control?
Your inventory control process is critical to making sure that your business can maintain the proper level of stock, keep up with the demands of your customers, and avoid potential delays. Do you have effective inventory control in place for your business, or are you struggling to maintain the stock you need to keep up […]
Guide To Understanding Safety Stock Patterns & Antipatterns
Building a comprehensive supply chain is incredibly important for ensuring the steady movement of stock through your business. Unfortunately, supply chains can collapse all too easily. Understanding supply chain patterns and how they have the potential to impact your business certainly means understanding how they work, but it’s just as important to understand when they […]
Benefits of an ABC Analysis in Inventory Management
As you manage the inventory for your business, there are several strategies you may use to help enhance your understanding of the inventory you need to have on hand and how to best manage your overall inventory needs, from seasonal changes in inventory to the regular stock you need to keep on hand for your […]
Sourcing Raw Materials: A Better Process
This article was originally published in March 2022 and has since been updated in May 2023 based on new trends, discoveries, and research. Sourcing raw materials is a crucial part of many businesses, but it can come with some inherent risk, and you can face a variety of challenges. For example, some materials might not […]
Seasonality and Supply Chain Management: A Memoir
Many people expect supply chain issues during the winter holidays. However, supply chain issues may vary by season–and there may be more of them than you expect. Not only have more people and businesses than ever become aware of potential supply chain challenges throughout 2021, when Covid-related disruptions have caused challenges across the globe, there […]
What is Amazon FBA and How Does it Work?
Amazon FBA, or Fulfillment by Amazon, is a service offered by Amazon that allows you to sell your items through Amazon’s online platform and allows Amazon to manage much of the inventory associated with the process. By using Amazon FBA, many businesses have been able to grow their customer base and their sales, which can […]
