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Topic: supplier management

Six Tips to Reduce Inventory Lead Times

In business, getting access to and holding the inventory you need is key. Holding large reserves of inventory is one way to ensure your business has enough stock on hand, but a better solution may be to focus on reducing lead times in your business’ supply chain. Being able to order stock quickly takes away […] ... Read More

  August 21, 2017     

Contrasting Trade and Cash Discounts

Most businesses will use discounts and price reductions at some point in their business journey. For a growing business, discounts can be a way to attract business, clear excess inventory, differentiate between market segments or encourage prompt payment of invoices. Discounts are often thought to be the exclusive preserve of retail businesses. In ... Read More

  August 9, 2017     

Aim For Better Supplier Relationship Management

In any stock-based business, it is crucial to manage supplier relationships well. Developing constructive relationships with your business’ key suppliers is important to secure reliable supply, unlock competitive pricing and to understand emerging trends that may impact on your business. Despite a growing number of businesses taking a supplier re ... Read More

  August 7, 2017     

Four proven critical strategies to improve inventory management

Inventory management is the lifeblood of the supply chain. It is a system that is interconnected – it is critical to know what the perfect balance of supply and demand is or else disadvantages are inevitable. If you do not have enough inventory you miss out on a lost sale from customers. If you have […] ... Read More

  July 26, 2017     

Selecting Suppliers: Three Factors to Consider

Many businesses find it difficult to identify reliable suppliers who can deliver quality product on time. Whether you are a manufacturer, a wholesaler or a retailer, liaising and negotiating with suppliers can be a stressful and time-consuming process. Let’s look at three key factors you should consider when selecting a supplier. Negotiating pric ... Read More

  July 24, 2017     

Do You Know the True Costs of Inventory?

There are three costs of inventory that should be carefully considered as they can drastically affect the bottom line without any apparent cause. ... Read More

  April 18, 2017     

The Basics of Inventory Management

Inventory management is the ability to oversee the ordering and storing of supplies for a business - here's the basics for getting it right. ... Read More

  April 4, 2017     

How does consignment inventory work?

Consignment inventory is a useful arrangement that allows a supplier and a retailer to create a “win-win” scenario through the sharing of risk. ... Read More

  March 21, 2017     

Need to Streamline Your Inventory Management?

In today's competitive business environment, it's important to have strategies in place that make the inventory management process as easy and efficient as possible. We detail five ways to streamline your inventory management.

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  December 7, 2015     

9 Strategies to Improve Inventory Management

Getting your inventory management strategies working in harmony can be a daunting – but far from impossible – task. The key is recognizing what strategies best suit your business needs and having the tools to implement them effectively and efficiently. If you’re a small business looking to take the leap, or a start-up wanting t ... Read More

  June 16, 2015