How Inventory Management is Paving the Path Forward in an On-demand World
Inventory management in an on-demand world is one of the biggest challenges in the supply chain today. No longer is a business merely buying in bulk and selling from just a brick-and-mortar store. Customers now have the ability to buy from many places online and also expect to be able to return things easily too. […] ... Read More
March 20, 2019 eCommerce, inventory management, order fulfillment, retail, supply chainHow You Can Tackle Your Supply Chain Inefficiencies
The supply chain is a dynamic, logistical-laden beast. It has so many interworking parts, organisations, relationships, information, technology and people. Everything and everyone is dependent on the suave execution of supply chain getting them the right goods and services, at the right time. They call it a chain for a reason — everything is inte ... Read More
March 15, 2019 supply chain, supply chain challenges, supply chain managementThrifty Inventory Management to Save Money and Increase Profits
In today’s manufacturing arena, the common mantra is to produce more ‘faster, quicker, cheaper’ with the common goal being to instigate more interest through marketing, drive sales up and increase profits. This is all very well, however to achieve this goal, inventory management needs to be a focus. If inventory management is not considered c ... Read More
March 8, 2019 inventory control, inventory cost, inventory management, supply chainSteps to Take When Creating an Efficient Supply Chain
When a company is aiming simply for continuous improvement, supply chain analysis is imperative. This is because the supply chain can make or break the business in terms of its ability to maintain the supply of product or services to their customers. And let us face it, without that, there is no income and no […] ... Read More
March 2, 2019 supplier relationship, suppliers, supply chain, supply chain management5 Quick Solutions for Simplifying Supply Chains
Supply chains are becoming increasingly complex so simplifying them can be a complicated matter. In an attempt to get back to supply chain basics, companies need to scrutinise their processes, from procurement through to storage and shipping. Here are five quick solutions for simplifying supply chains: Clear the clutter With the rapid rise in our [ ... Read More
February 26, 2019 inventory management, supplier relationship, suppliers, supply chainHow You Can Simplify Your Supply Chain
For many supply chain managers at wholesale, distribution, and manufacturing companies, simplifying the supply chain can be a difficult task. An efficient and effective supply chain is fundamental to the success of these types of businesses, and the key to ensuring their efficacy is their simplification. In this article, we outline three key ways b ... Read More
February 21, 2019 3pl, distributors, inventory management software, manufacturers, supply chain, wholesaleJust-in-time in the Real World of Inventory Management
Just-in-time inventory (JIT) is the antithesis of just-in-case inventory and can be a valuable method of reducing waste and streamlining the supply chain. The benefits of JIT inventory are numerous, although they can only be realised with hard work to set up an intricate system involving many synchronised components. In this article, we will consid ... Read More
February 20, 2019 inventory management, JIT, just in time inventory, just-in-time, just-in-time methodology, supply chain4 Strategies to Improve Supply Chain Efficiency for Manufacturing Business Owners
Manufacturers typically perform planning, sourcing (finding suppliers), making (manufacturing), delivering and returns. Supply chain efficiency, therefore, is the measure of getting the right product to the right place at the right time — and at the least cost. Remember, efficiency is not the same as efficacy. Traditionally, supply chain manageme ... Read More
February 18, 2019 manufacturers, supplier management, supplier relationship, supply chainEfficient versus Effective Supply Chains
A well-functioning supply chain is not only effective, but also efficient. In this article, we explain the differences between efficiency and effectiveness, and how you can ensure your business model produces both. Efficiency versus effectiveness Efficiency generally refers to the extent to which a process uses resources in the best way possible to ... Read More
February 14, 2019 business efficiency, supply chain3 Simple Tips to Prep Your Business for Peak Periods
It’s very common for a business to earn a substantial amount of their revenue over a short period of time. Peak periods lead to an influx of sales and it seems to happen relatively quickly. These fluctuations are important to prepare for and even more important to capitalise on. Don’t miss out on the peak […] ... Read More
December 24, 2018 inventory control, stock control, supplier relationship, suppliers, supply chainHow to Tackle the Challenges of Omnichannel Inventory
Using omnichannel in retail is a sign of the evolution of the industry. Customer journeys used to start and finish in the brick-and-mortar store. These days customer journeys follow an omnichannel experience – they shop online, use their mobile phones, they go into the brick-and-mortar stores, and call in to support centres. No matter how [&h ... Read More
December 22, 2018 inventory management software, omni-channel, online inventory management, safety stock, supply chainHow the Internet of Things is Changing the Way Inventory Management Works
The Internet of Things (IoT) is gaining momentum with businesses and individuals around the globe. It has the potential to be big – it has the power to transform how we interact as a society and the fundamentals of how businesses run. One of the biggest waves of change we are expecting to see is […] ... Read More
December 21, 2018 inventory management, online inventory management, supply chainOvercoming the Challenges of B2B Order Fulfilment
B2B commerce is expanding exponentially and with this growth, there’s been a significant shift in the way companies manage their sales and B2B order fulfilment processes with greater focus in the areas of inventory control, speed and the ability to meet order deadlines. In an increasingly eCommerce environment, the necessity for companies to eff ... Read More
December 10, 2018 B2B, inventory control, order fulfillment, supply chainInventory Optimisation for Greater Inventory Control
The biggest challenge of inventory control is getting the balance right, to meet the challenge of matching supply volumes to customer demand and with any good enterprise or activity, it usually pays to start with the basics. Inventory optimisation basics There are many different inventory control techniques out there, knowing what to stock and the ... Read More
December 10, 2018 inventory control, inventory management, inventory management software, supply chainWhat Does IoT Mean for Inventory Management?
The dawn of the Internet of Things (IoT) is upon us and it is set to revolutionise many industries including inventory management. However, before we can understand how inventory management will be affected by IoT and how we can optimise this, we must first understand what exactly it is. IoT is essentially a concept where […] ... Read More
December 6, 2018 inventory management, supply chainWhat Are the Best Ways to Optimise Your Inventory?
Inventory optimisation is changing the way businesses are running their warehouses and managing their inventory stock. It’s allowing them to become more competitive in the market and see advantages on a global scale. Focusing on inventory optimisation allows companies to free up working capital without substantially changing the service levels. I ... Read More
December 3, 2018 inventory management, inventory stock, supply chain5 Ways for SMEs to Overcome Order Fulfilment Challenges
Small businesses have often struggled with order fulfilment and with the current demands of today’s global shoppers, it is more challenging than ever to create an efficient and effective order fulfilment system. Order fulfilment challenges Businesses face several challenges throughout the order fulfilment process, from demand planning and invento ... Read More
November 15, 2018 eCommerce, multi-channel, order fulfillment, supply chainAvoid These 3 Outsourcing Order Fulfilment Mistakes
You’ve drawn up a comparative analysis of the cost of in-house warehousing compared to that of outsourcing your order fulfilment processes, and you’ve decided to go with outsourcing. This can be an economically viable option however, if not carried out well, can often end up being significantly costly. It is imperative to be careful of [&he ... Read More
November 8, 2018 customer satisfaction, eCommerce, order fulfillment, supply chainOutsourcing Order Fulfilment? Avoid These Common Mistakes
Businesses of all sizes use order fulfilment services, either in-house or outsourced, to get their products from their production facilities to the end buyer, whether this is a business or consumer. Inventory control is one of the main factors which leads to errors in the order fulfilment process. This article will explore mistakes that businesses ... Read More
October 30, 2018 eCommerce, inventory control, order fulfillment, supply chainFuture eCommerce Fulfilment Trends – What Will 2019 Bring?
For an industry that didn’t exist 50 years ago, eCommerce has rapidly taken off and continue to evolve. When the words eCommerce is mentioned businesses are quick to mention B2C trends and but what about B2B trends which are arguably just as important to understand? In this article, we will explore upcoming trends in eCommerce […] ... Read More
October 30, 2018 eCommerce, NZ, order fulfillment, shipping, supply chainLooking Ahead: Upcoming Trends in Order Fulfilment
Perfecting the process of order fulfilment is extremely important when it comes to customer satisfaction. In this article, we examine a few key trends in order fulfilment to help you determine the best approaches to the task for your business in the future months. Preparing for rising shipping costs Shipping costs continue to rise, and […] ... Read More
October 29, 2018 eCommerce, order fulfillment, supply chain