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!”

How to Streamline Your Work in Process Inventory Management!

Work in process (WIP) inventory is a crucial part of inventory management for businesses, yet many face complex challenges that impede smooth operations, create bottlenecks, and increase costs. However, with the right strategies and tools, businesses can overcome these obstacles and streamline their WIP inventory management processes.  In this post, we explore how inventory management … Continue reading “How to Streamline Your Work in Process Inventory Management!”

Featuring Our 10 Best Warehouse Order Fulfillment Articles!

Our latest “Featuring” series article covers the topic of Warehouse and Distribution Centre order fulfillment. With the exponential growth of E-Commerce and online shopping the backbone of activity that makes it all happen is order fulfillment. Every time you place an online order someone somewhere is picking up those items and placing them in a … Continue reading “Featuring Our 10 Best Warehouse Order Fulfillment Articles!”

Post Pandemic Inventory Priorities: High Turnover or Extra Inventory?

Most of the pre-pandemic Inventory Management strategies were centred around improving inventory turnover, keeping inventory levels as low as possible, and reducing the amount of cash tied up in inventory. The backbone of all long-standing philosophies such as Just-In-Time, Lean manufacturing, and Kanbans were all designed around minimizing the amount of inventory on hand in … Continue reading “Post Pandemic Inventory Priorities: High Turnover or Extra Inventory?”

AI-Driven Inventory Management: Reducing Costs and Maximizing Efficiency!

Effective inventory management is crucial for businesses of all sizes and industries. Balancing supply and demand, minimizing carrying costs, and ensuring adequate stock levels are just a few challenges faced by inventory managers.  Traditionally, manual inventory management processes were labor-intensive and prone to errors, resulting in inefficient operations and increased costs. However, the rise of Artificial … Continue reading “AI-Driven Inventory Management: Reducing Costs and Maximizing Efficiency!”

10 Small Business Inventory Management Tips!

Many overwhelming strategies, processes and techniques will come your way if you have to learn and perform inventory management. It can be hard to make sense of the overall framework you need to use for any of the small business inventory management tips and techniques. But it’s certainly possible to deal with them with some … Continue reading “10 Small Business Inventory Management Tips!”

4 Reasons the Apparel Industry Needs an Inventory Management System!

Due to the intense competition and quick pace of the apparel industry, it’s no surprise that new apparel trends and styles appear with each passing season. This essentially means that companies that operate in the apparel industry must be able to quickly change and update their latest apparel collections to stay relevant to their prospective … Continue reading “4 Reasons the Apparel Industry Needs an Inventory Management System!”

3PL Fulfillment Prices! (Infographic)

Growing e-commerce fulfillment demands and costs have collided to bring about an uptick in average 3PL fulfillment prices within the outsourced fulfillment industry, as was evidenced by FulfillmentCompanies.net’s annual poll of 500+ warehouses across the US. Each year, the online fulfillment match-making service surveys their network of 3PL companies to gauge the industry’s average costs of doing business, as well … Continue reading “3PL Fulfillment Prices! (Infographic)”

How Can Small Businesses Handle Online Orders Efficiently?

In the digital era, the ability for small businesses to handle online orders efficiently is essential for growth and customer satisfaction. As e-commerce continues to expand, consumers expect swift, seamless service from the moment they place their online orders to the time they receive their products. For small businesses, perfecting the online order handling process … Continue reading “How Can Small Businesses Handle Online Orders Efficiently?”

The Complexity of the Lego Supply Chain!

My son recently showed me the assembled Lego set of “The Office” TV show. With 1164 pieces, the number of features and details in that set was extremely impressive and highly meaningful to anyone who was a fan of the show. This attention to detail, and the complexity involved in creating such a set with … Continue reading “The Complexity of the Lego Supply Chain!”

A Guide to Selecting the Right Generator!

As a contractor or construction business owner, you will already be familiar with the difficulties inherent to inventory management and acquisition. Keeping supplies healthy, and keeping tools running, is essential to the provision of quality service and results. There are multiple ways to approach inventory management and care, with the power source for electric tools … Continue reading “A Guide to Selecting the Right Generator!”

6 Ways To Improve Your ECommerce Order Fulfilment!

The need to improve your ECommerce order fulfilment is the entire process your company goes through when you receive an order from a customer until it’s delivered. On the other hand, you’ll also have to deal with returns when customers want to send something back because they changed their minds, had a problem, or it … Continue reading “6 Ways To Improve Your ECommerce Order Fulfilment!”

The Supply Chain Detective™ and the Case of the Broken Global Processes!

I had just arrived on the scene. On the surface the operational leaders I met from the Americas, Europe and Asia were very smart people. But I soon learned that each region had their own disparate ways of doing things locally. From a broader perspective however there were only broken global processes. To say that … Continue reading “The Supply Chain Detective™ and the Case of the Broken Global Processes!”

7 Tips for Choosing the Right Fulfillment Company!

Order fulfillment is an important part of the selling process. Even if you have the best product in the world, your customers will not be happy if you can’t deliver it quickly and safely. Therefore, choosing the right fulfillment company for your business is essential.