Daily Insights, Trends and Solutions for Professionals, Experts, Students and Society
“We are a Supply Chain Services Company,” I was told. “If we are truly a Supply Chain Services Company, then why is our Inventory Turnover only at 7?”, I asked. I had just joined the company and in studying their financial performance it stood out to me that if we were truly a Supply Chain … Continue reading “Double Inventory Turnover In 9 months!”
Procurement is a core function in every single company. Whether purchasing goods or services to support the company’s product offering or purchasing goods or services to support the infrastructure and operation of the company, Procurement is key and featuring our best Procurement articles is more than appropriate. Depending on the type of industry you are … Continue reading “Featuring Our 12 Best Procurement Articles!”
Effective inventory management is one of the most important aspects of running a successful business. It can be the difference between having the right products in stock when your customers need them and being caught short. Good inventory management means having visibility into your inventory levels at all times, so you can make sure you … Continue reading “Effective Inventory Management Keeps Your Business Thriving!”
In my experience companies always had a need for Inventory Control and an annual inventory count during which all operations were shut down for at least 2-3 days. Even then there would a period during which records were being reconciled before operations could resume normal function. On top of the annual inventory count there were … Continue reading “The Exciting Use of Drones for Inventory Control!”
In this digital age, one of the best ways to earn money is to sell unique products online with the help of an eCommerce platform, such as Amazon, Alibaba, etc. However, to have a profitable online selling business, it’s crucial to understand the importance of inventory management in eCommerce. An effective inventory management system is … Continue reading “A Basic Guide to ECommerce Inventory Management!”
Achieving World Class Inventory turnover performance is an aspiration, a requirement and a challenge for many companies. We’ve written several blogs on this subject to share our experiences in achieving truly game changing results in inventory management. Attacking just a single element of inventory has, in our experience and observation, proven to be an insufficient … Continue reading “World Class Inventory Turnover Infographic!”
There are many terms for inventory shrinkage: warehouse shrinkage, product shrinkage, loss of product. They all amount to the same thing — your merchandise is missing from the warehouse shelves. For businesses that sell physical things, some amount of shrinkage is unavoidable. At point of sale, stores can experience retail shrinkage from breakage and shoplifting. … Continue reading “What is Inventory Shrinkage?”
Inventory management is a holistic and logical methodology for handling both raw materials and finished products. It encompasses several manufacturing SMBs processes such as tracking stock levels, planning production schedules, and liaising with vendors. Raw material inventory management represents a vital stage in the successful supervision of any manufacturing company’s supply chain. Without it, the … Continue reading “5 Inventory Management Tips for Manufacturing SMBs!”
For businesses with inventory to oversee, efficient warehouse and vehicle fleet management is crucial. By streamlining operations and implementing best practices, businesses can save time and money while ensuring that their products are properly taken care of.
The prospect of having a Just In Time (JIT) Supply Chain system has been the goal of innumerable businesses and industries for decades. And for those who have implemented Just In Time processes it has been the backbone of their entire operating structure. But the global pandemic exposed the fragility of the Supply Chain in … Continue reading “Is Just In Time Past Its Time?”
With the advent of Amazon Prime’s free two-day and one-day delivery, customers have come to expect faster, free shipping from online sellers. How do you make your Supply Chain more efficient? A PayPal study shows that 43% of shoppers will abandon their carts if hit with high shipping costs, while 84% won’t purchase from a … Continue reading “How to Invest to Make Your Supply Chain More Efficient!”
Are you thinking of streamlining your warehouse operations to increase efficiency and productivity? If so, worry no more as this guide gives practical insights on selecting the right pallet racking, which is critical to optimizing your warehouse efficiency. Warehouse professionals face a lot of challenges, such as inaccurate inventory, avoiding product damage, and poor space … Continue reading “7 Ways the Right Pallet Racking Optimizes Warehouse Efficiency!”
As we come to the end of our 3rd year here at Supply Chain Game Changer it is time to publish our semi-annual 2019 Top 10 List. First we want to thank our readers. Our audience and reach continues to expand with Supply Changer now being ranked as one of the Top 20 Supply Chain … Continue reading “Our 2019 Top 10 List! (Part 2)”
While ‘supply chain’ refers to the journey from raw material, to happy repeat customer, a critical element that is often overlooked is the order processing. This operation involves ‘goods in’, picking, packing, distribution, ecommerce fulfilment and increasingly, value-added services such as outsourced contact centre support, customs clearance, and specialist storage solutions. In this article, we … Continue reading “Scale Your Supply Chain with Effective ECommerce Fulfilment!”
The transportation & logistics industry found new ways to have touchless fulfillment and shipping during this pandemic. We reside in truly strange times. If some say in the past that 5+ billion people would be during a complete lockdown in fear of a deadly virus, someone would have probably laughed at the overall idea. But … Continue reading “Touchless Fulfillment and Shipping!”
