Understanding the Core Objectives of Logistics Automation
Logistics is a critical function in the supply chain, involving the planning, execution, and control of the movement of goods and materials from one location to another. Logistics processes have traditionally been manual and paper-based, leading to inefficiencies, errors, and delays in operations. However, with the advent of new technologies such as automated retrieval systems, robotic […]
E Supply Chain Management Complete Guide
E Supply Chain Management involves incorporating digital technology to manage diverse supply chain activities. Supply chain management involves managing numerous tasks from procurement of raw materials to distribution of the finished products. The use of advanced technology helps optimise every step of the process. It guarantees increased efficiency, improves coordination between all parties involved, expedites […]
Raw Materials Inventory Guide For Manufacturers
When e-commerce businesses talk about “inventory”, they’re usually referring to finished goods inventory — that is, the final product that is sold and shipped to end customers. However, there are many different types of inventory. If you manufacture or assemble your products, your supply chain will also involve something called raw materials inventory. Raw materials […]
What is Backorder: Understanding the Basics and Benefits
Backorders — an inconvenience in our gotta-have-it-now world. Faced with an out-of-stock notification, many consumers will simply click over to a competitor’s site. For some retailers, the answer is to use backorders, where a desired item that is still in production but currently out of stock is promised to ship in a set timeframe. The […]
Inventory Shrinkage- Definition, Formula, Cause And More
When running a business, you likely face setbacks due to unforeseen costs. Unplanned expenses, like inventory shrinkage, can lead to a profit drop and require you to alter your accounting books. To combat significant inventory-shrinkage, you must familiarise yourself with what it is, why it happens, and preventative actions you can take. And when it […]
Difference Between Supply Chain And Project Management
In today’s highly competitive business landscape, the efficient management of supply chain processes and project management are two crucial factors that can make or break a company’s success. These two disciplines, although distinct, share a symbiotic relationship that, when optimized, can lead to streamlined operations, high volume, cost savings, and enhanced profitability. In this article, […]
Decoding the Circular Supply Chain: A Comprehensive Guide
In today’s rapidly evolving business landscape, sustainability and responsible sourcing have become key priorities for organisations across the globe. One of the most effective ways to achieve these goals is by implementing a circular supply chain. In this article, we will explore what exactly a circular supply chain entails, its numerous benefits, how to successfully […]
Concept, Function And Importance Of Logistics Management
In this competitive eCommerce environment where thousands of businesses enter and sell online, it is vital to focus on customer satisfaction rather than profitability. Probably, your competitors are selling the same quality products to the same set of customers that you do. Therefore, customer service is the only differentiator by which you can attract customers […]
Role Of Artificial Intelligence In Supply Chain Management
To remain competitive and succeed in today’s global marketplace, companies must run their organisations like a fine-tuned engine to sustain growth. With that in mind, businesses that use transformative artificial intelligence (AI) technologies are well-positioned to conquer challenges and better manage their supply chains while improving costs and enhancing efficiency, operations, performance, and customer experience. […]
Mastering Modern Logistics: The Power of Cloud Supply Chain Management
With constant supply chain disruptions and changing consumer demands, many companies see an increased need for automation, enhanced data analytics, and better insights into their operations to improve efficiency. That’s why many companies are already implementing cloud supply chain management solutions in their operations. In fact, cloud computing and storage is the most frequently adopted […]
What Is Mro Inventory Management?- Definition, Benefits, Process And More
Introduction Within the intricate realm of business operations, the meticulous management of Maintenance, Repair, and Operations (MRO) inventory becomes a linchpin for sustained success across diverse industries. Think of MRO items—spare parts, consumables, tools, and equipment—as the silent architects of a smoothly functioning operational landscape. This exploration peels back the layers of MRO inventory management, […]
Pipeline Inventory – A Complete Guide For 2024
Introduction In the swiftly evolving landscape of inventory management, maintaining a competitive edge is paramount for operational excellence and business triumph. One pivotal facet demanding meticulous consideration is Pipeline Inventory. Within this all-encompassing guide, we delve into the intricacies of pipeline inventory, offering profound insights, concrete examples, and strategic approaches to elevate your stock flow […]
