Daily Insights, Trends and Solutions for Professionals, Experts, Students and Society
Launching an eCommerce business is a thrilling journey with endless potential since billions of people are now buying online across the globe. Numerous eCommerce businesses have skyrocketed thanks to well-crafted content and strategies, growing in fame while also making it easier to acquire customers. Taking your eCommerce Business to the next level can be difficult, … Continue reading “How to Scale Your ECommerce Business!”
To begin I must admit that Costco is one of my favourite stores. I started thinking about the Costco Supply Chain. Stereotypically I almost always buy more than I intended given the unique things that you find in their aisles. And the standard items are invariably great deals, even if the quantities are larger than … Continue reading “The Elegance of the Costco Supply Chain!”
The Bullwhip Effect is a pretty popular phenomenon and conversational topic in supply chain management. Basically, the bullwhip effect is a phenomenon that occurs in supply chains where increased demand at the end of a supply chain can lead to higher costs and greater uncertainty throughout the manufacturing process.
Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance. For some, PPV is a mechanical metric only, measured and reported on but without any further attention paid to it. For others it is tightly managed, actioned and used to determine Procurement’s effectiveness in either reducing losses or generating … Continue reading “Purchase Price Variance (PPV)! A Profit or Loss Opportunity?”
As the old saying goes, “Take care of the pennies and the dollars will take care of themselves!” This phrase, or rather the British version thereof, is attributed to William Lowndes, who lived from 1652-1724. And taking care of the penny is as true now as it was those many centuries ago. Any savvy professional … Continue reading “Why $0.001 Matters!”
Global events can impact supply chains, affecting the flow of materials. Events like natural disasters and economic crises have demonstrated the vulnerability of global supply chains. Companies increasingly turn to the electronic component database to mitigate the risks and ensure a resilient supply chain. These databases provide essential information on electronic components, availability, pricing and … Continue reading “Navigating Global Events: Leveraging an Electronic Component Database for Supply Chain Success!”
Nowadays, the logistics sector has been undergoing a digital transformation to streamline day-to-day operations. Modern, robust systems offer a comprehensive view of task distribution and productivity. Thus, many enterprises are enhancing their supply chains and workflows through bespoke digital platforms. In this article, we will dive into various development approaches suitable for various businesses and … Continue reading “Top 6 Custom Logistics Software Solutions!”
Online shoppers have come to expect the instant gratification of next-day delivery. Consumers’ willingness to wait to receive their orders has dwindled significantly in the past half-decade. If your eCommerce fulfillment process takes too long, you’ll lose sales. One of the best ways to shorten your delivery window is to reduce lead time. A deeper understanding … Continue reading “Lead Time – The Ultimate Guide!”
Many projects often fade away over time and fall well short of their original goals. People face many very real challenges in leading these projects. So how do you avoid having your project become another program-of-the-month and disappear from view? Is there a formula? As we have discussed in other blog posts we have tackled … Continue reading “A Formula For Achieving Game Changing Results!”
If you run an online business, you definitely know that there are order fulfillment challenges and managing them involves many moving parts. Ecommerce order fulfillment is among these moving parts that most eCommerce retailers overlook. Your profitability, customer experience, and overall business growth suffer without effective fulfillment. Interestingly, despite simplified order fulfillment, most online store … Continue reading “Top ECommerce Order Fulfillment Challenges!”
Today, the pulse of the online casino industry is dictated by technological advancements that challenge traditional business models. Among these transformative technologies, supply chain innovations have proved to be one of the most influential, establishing efficient and streamlined systems that dictate every aspect of the casino industry. They cover all bases, from sourcing quality game … Continue reading “Revolutionizing the Casino Industry: How Supply Chain Innovations Shape the Best Online Casinos in Canada!”
The transformative power of blockchain, the foundational technology behind cryptocurrencies, can enhance supply chain management. By integrating this decentralized ledger system into supply chains, organizations have an exhaustive list of benefits. Now, its applications in the supply chain sector are not just revolutionary but also vital in an increasingly globalized and interconnected world. Companies, non-profits, … Continue reading “7 Ways Crypto Can Enhance Your Supply Chain!”
A Sales, Inventory and Operations Planning (SIOP) business process is an essential element for running a successful business. SIOP will allow you to improve your forecasting, capacity and resource planning, cash flow, and inventory levels. Yet there are many challenges with getting a proper, functioning SIOP process in place. If the benefits are so clear … Continue reading “4 Challenges in Starting and Sustaining a SIOP (S&OP) Business Process!”
Ecommerce is the future of the modern economy. With many countries placing restrictions to protect the health of their citizens or initiating a lockdown altogether, eCommerce is often the only option to keep the economy going. But what is ECommerce order fulfillment? Meeting today’s service standards requires eCommerce order fulfillment. If your customers can’t receive … Continue reading “What is ECommerce Order Fulfillment and Why is it Important?”
If you’re looking to start or improve your career in the field of supply chain management courses, you might be wondering where to start. Luckily, Business School offers one of the most comprehensive supply chain management programs in the world. With four core courses and an MBA-level capstone, the Supply Chain Management program provides students … Continue reading “Top Supply Chain Management Courses!”
