Featuring Our 12 Best Procurement Articles!

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 Keeps Your Business Thriving!

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!”

The Exciting Use of Drones for Inventory Control!

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!”

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?”

Comprehensive Guide to Logistics Mobile App Development!

When we mention the word ‘logistics,’ it often conjures images of complex processes, extensive paperwork, manual labor, and constant vigilance. However, thanks to recent technological advancements, the logistics industry has undergone a remarkable transformation. Tasks that once meant standing in long queues for hours to send a courier can now be effortlessly managed with a … Continue reading “Comprehensive Guide to Logistics Mobile App Development!”

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!”

Sourcing Supplies for Your Florida Beach Gear Store!

Operating a beach gear store in Florida demands careful planning and strategic sourcing to ensure that customers find exactly what they need for their seaside adventures. Whether they are seeking swimwear, sunglasses, beach towels, or surfboards, the success of a beach gear business hinges on its ability to provide high-quality products at competitive prices. As … Continue reading “Sourcing Supplies for Your Florida Beach Gear 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!”