COVID has disrupted every business. Some are growing far faster than supply can keep up while others have dropped like a rocket. Still others have almost identical dollar volume yet double the number of orders at half the order size, creating significant disruption in warehousing, shipping and transportation. [...]
Great inventory management techniques are critical as supply chain complexity grows. Here's a look at the top techniques to help your company succeed. Whether you're an SMB or a large enterprise, solid inventory management techniques are critical for success. Inventory management, a component of supply chain management (SCM), controls [...]
Clients and colleagues have demonstrated a heightened interest in inventory reduction recently; however, they are not yet seeing the full value! Certainly, with everyone worried about a potential recession in 2020, they are starting to think about not tying as much cash up in wasted inventory but that is not the 100-pound gorilla. The real question is why we are thinking about corporate mandates and full warehouses instead of seeing the big picture that we should reevaluate our supply chain.
Inventory is circling back in importance and will become a hot topic again as customers expect immediate, customized deliveries with the expectation of easy returns and last-minute changes to orders in production, in the warehouse or in transit. What are you doing to get ahead of this ‘new normal’ assumption?
To think about what's ahead in supply chain, it is important to put it in perspective with what's ahead in business.
Growth is a hot topic. Regardless of your industry, if your company isn't growing, it is dying.
Lisa Anderson discusses the importance of inventory accuracy for manufacturers & distributors to optimize profit & customer satisfaction.
Are you keeping close tabs on your inventory management practices? Improving just one aspect of your inventory can lead to improved service, margins and cash flow.
Empowering people to make the right decisions in your organization can be the key to getting the right results in a variety of business cases including inventory management.
