A Basic Guide to ECommerce Inventory Management!

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!”

World Class Inventory Turnover Infographic!

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!”

What is Inventory Shrinkage?

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?”

5 Inventory Management Tips for Manufacturing SMBs!

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!”

Process Based Inventory Turnover Improvement!

Inventory management is a critical area for most companies. And breakthrough improvements require a process based inventory turnover improvement strategy. Too much inventory, especially the wrong inventory, can negatively impact cash flow, return on investment, customer satisfaction, and profitability. Too little inventory, especially the wrong inventory, can result in lost sales, inability to delivery to … Continue reading “Process Based Inventory Turnover Improvement!”

What is Logistics Exactly?

Logistics has been in the news a lot lately, and it will continue to be for some time to come. In March of 2021 we heard about Logistics when a ship blocked passage through the Suez Canal. In the second half of 2021 we heard about the enormous log jam for overseas shipping in ports … Continue reading “What is Logistics Exactly?”

4 Tips for Managing Small Business Finances!

Running a successful business venture has a lot to do with keeping track of your small business finances to maintain a positive cash flow and stay on top of things.  Most small business owners tend to underestimate the impact financial management can have on business profitability.  You need to constantly monitor your finances as they … Continue reading “4 Tips for Managing Small Business Finances!”

Micro Fulfillment in Store!

Decades ago a customer could call their local grocery store and order the goods they wanted, for either pick up at the store or for home delivery. This option for order fulfillment had been adopted by some in the intervening decades. However this Micro Fulfillment has only become a more pervasive and dominant option due … Continue reading “Micro Fulfillment in Store!”

What Powers Artificial Intelligence (AI)? A Guide to Procurement!

Artificial Intelligence is an increasing part of our everyday lives, powering our smart phones and the internet of things.  But few people really understand what it is, how it works and more importantly, why it is so important to Procurement.   This paper seeks to answer those questions and specifically address its benefits to the Procurement process … Continue reading “What Powers Artificial Intelligence (AI)? A Guide to Procurement!”

Tesla Supply Chain Issues and Lessons!

Tesla’s relentless research and development produce innovative solutions powered by cutting-edge technology. Tesla is a perfect role model for using advanced automotive technologies that further enhance modern vehicles’ efficiency and safety. Automobile makers, including Tesla, utilize automation, machine learning, artificial intelligence, and other technologies when designing vehicles, including innovative accessory feature comparisons such as flow … Continue reading “Tesla Supply Chain Issues and Lessons!”

Procurement (and Purchasing) Job Interview Questions & Answers

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise.  This is particularly apparent if you are conducing a job interview and hiring a Procurement professional, you are looking for a  Procurement job,  you are looking to outsource anything, or you are dealing with Procurement people in … Continue reading “Procurement (and Purchasing) Job Interview Questions & Answers”

How to Streamline Logistics!

Looking to streamline logistics? This is something that many organizations are looking to do right now, especially those that have experienced supply chain issues. Supply chains have been heavily disrupted ever since the pandemic, and this is creating many difficult challenges for businesses. Fortunately, there are a few steps that you can take to streamline … Continue reading “How to Streamline Logistics!”

8 Ways to Fulfill Customer Orders Faster!

With increasing customer expectations for speed and reliability in order fulfillment, it’s important to make sure you have processes in place that allow for faster delivery times for your customers and fulfill customer orders faster. Here are some strategies that you can use to streamline the process of fulfilling customer orders so you can turn … Continue reading “8 Ways to Fulfill Customer Orders Faster!”

Why Manufacturing Companies Need a CRM System in Their Supply Chain!

If you are in the manufacturing industry, managing your supply chain is crucial for success. It can be a difficult task if not done correctly but using a CRM system allows you to streamline operations and create synergies that result in improved performance. Provides transparency into processes, better relationships with customers and partners, access to … Continue reading “Why Manufacturing Companies Need a CRM System in Their Supply Chain!”

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act!

Recently we took our Granddaughter to see a Cirque du Soleil show. While we had seen several Cirque shows before it was her first time. The show made an indelible impression on her. She talked about it for weeks and will remember it for the rest of her life. We were proud that we gave … Continue reading “Supply Chain Risk Management is a Cirque Du Soleil Calibre Act!”