Retail Operations and Efficient Inventory Management: A Love Story
Inventory-based businesses have many logistical and operational challenges to navigate, including how the inventory will be delivered, how it’s tracked, and how it reaches customers. Instead of taking a patchwork approach to improving operations (and delivering a better experience to customers), these retailers can instead turn to efficient inventory management as a comprehensive solution. Efficient […]
How Is Artificial Intelligence Used in Demand Planning?
While many technological advancements have led to changes and progress in the global supply chain, there’s one tech development that’s currently reshaping the landscape: artificial intelligence, or AI. AI is already being used in several distinct aspects of the supply chain, from optimizing truck routes to automating things like warehouse packing and sorting. But AI […]
How Production Management Software Impacts You
Production management software has the potential to immensely impact your day-to-day business operations. If you have high-quality production management software, you may find it easier to keep up with the needs of your business. On the other hand, if you’re trying to skip the production management software altogether, or you’re using a low-quality solution that […]
Achieving Cost Savings Through Supply Chain Optimization
Cost savings is a top priority for most businesses in the supply chain. In a volatile market where consumer preferences change on a dime and inflation leads to price fluctuations, saving money helps businesses at every stage of the supply chain boost their revenue, improve their resilience, and assert market dominance. While there are many […]
The Key Components of Replenishment Planning
Replenishment planning helps keep inventory flowing steadily through your supply chain. Ideally, in an effective business model, you have a steady stream of inventory moving through your business. Customers purchase the items you have put on the shelves, and you have the inventory needed to replace them in a timely manner. When you don’t keep […]
Understanding the Bullwhip Effect and Avoiding Excess Inventory
Even a slight change in ordering behavior at the consumer level can lead to a much bigger impact up the supply chain. No matter where your business is in that chain, you may notice significant changes in buying behavior as retailers place smaller orders. That can, in turn, make it much more likely that you […]
What Does an Ineffective Supply Chain Management System Look Like?
For many inventory-based businesses, supply chain management quickly grows inefficient and disjointed. You may find yourself struggling to effectively keep up with your inventory. Worse, you may discover that only a few members of your team know how to use the available tools, which can lead to serious problems if those individuals are not available. […]
Should We Use a Blanket PO?
Choosing the right ordering style for your business is a critical part of your ordering process. In many cases, businesses may use more than one style of order to get the job done. Regular purchase orders are put in when you need a specific product at a specific time. They will include specific quantities of […]
What Does the Next Gen Supply Chain Look Like?
The future is here. Technology continues to advance by leaps and bounds in many arenas, including supply chain planning and management. Throughout the supply chain challenges of the past couple of years, from shortages in truckers to strikes and inventory shortages, technology has continued to grow by leaps and bounds, increasing the way many businesses […]
5 Transportation and Supplier Trends We’re Keeping Eyes On
The supply chain, like so many other things in the world, is changing. Technology has increased exponentially over the past couple of years, and the supply chain has become increasingly complex. Transportation issues have abounded for the past several years, frequently compounded by current events and the unique circumstances surrounding the last year. Having the […]
