Obsolete Inventory 101:Spot, Avoid, and Manage Outdated Stock
Effectively managing inventory is essential for any supply chain. We understand that for most eCommerce businesses, making sure they have enough stock to meet customer demand is a big priority. So, it’s easy to want to order extra just to be safe. Although it is better to have some safety stock in case of any […]
11 Types of Warehouse Automation to Consider in 2024
From robots to automated processes, various types of warehouse automation technologies can significantly boost productivity. Manual processes often come with warehouse challenges like high operational costs, costly human errors, and longer processing times. 11 different types of warehouse automation are designed to address these issues. A study predicts that by 2025, warehouse automation and robotics […]
Sustainable Warehouse:Technology and Best Practices
Companies have a significant role to play in cutting global greenhouse gas emissions. While many are already transforming their supply chains with electric vehicles and cleaner fuels for transporting goods, there’s even more potential for impact. The facilities where businesses store or manufacture their products present substantial opportunities for going green. The World Green Business […]
Beyond the Box: Eco-Friendly Packaging Trends and Innovations
The world produces more than 381 million tonnes of plastic annually, with 50% being single-use plastic. This staggering statistic is one that today’s businesses can no longer afford to ignore. As conscious consumerism rises, customers are making purchase decisions with an environmental perspective. Eco-friendly packaging plays a crucial role, not only in driving sales and […]
Warehouse Slotting Explained: Top Strategies for Success
Whether you run an eCommerce store or a shipping company, effective planning and organization of goods are the foundation of any warehouse. The global warehousing and storage market is projected to reach $654,920 million by 2028, with a CAGR of 3.1% from 2022 to 2028. This makes warehouse slotting not just a choice, but a […]
Using Technology to Automate Stock Rotation: A Comprehensive Guide
Effective inventory management is the cornerstone of supply chain solutions. Amidst many inventory techniques, stock rotation offers efficiency, speed, and accuracy while minimising resource wastage. Automating the process is critical for supply chain success. Let’s look at the key technologies of automated stock control and understand how to navigate the technological maze. Let’s go! Understanding […]
Hospital Inventory Management: How Does It Work?
Hospitals must have efficient inventory management to meet regulations, cut expenses, and guarantee access to vital supplies and medications. An effective hospital inventory management system can assist healthcare companies in increasing inventory levels, cutting costs, and enhancing patient care. This article explores the goals of inventory management systems, their impact on hospital efficiency, and the […]
What is Supplier Relationship Management?
If you’re a manufacturer, understanding Supplier Relationship Management (SRM) is crucial. Your business relies on delivering products to your target audience, which is impossible without a consistent supply of raw materials and other essential resources. Effectively managing your relationships with suppliers and vendors is essential for maintaining the viability of your manufacturing operations. Supplier Relationship […]
Transloading: What is Dry Bulk Transloading and its Impact on Your Inventory
Transloading, which is transferring cargo from a truck to a train or from a train to a ship, is an essential part of modern supply chain management and logistics. Businesses need efficient transportation if they want to deliver goods over large distances on time and at a reasonable cost. Imagine enduring continual delays and soaring […]
Supply Chain Management: Everything About Multi-Echelon Inventory Optimization
If you are a business owner, supply chain interruptions are the worst nightmares. Stock shortages have a domino effect on your business, impacting sales, marketing, and order fulfilment. But, there is a solution to supercharge your inventory operations. Enter the multi-echelon inventory optimization technique – the master tool for managing your supply operations like a […]
Supply Chain Process Map: Definition, Benefits and More
As you’re exploring a new place, a map is a useful tool. It helps you to understand where you are, minimises your risk of getting lost and even helps you learn the ways to navigate the place in future. As you’re trying to acquaint yourself better with your supply chain, you will need a supply […]
Top 10 Ways to Prevent Supply Chain Attack: Tips and Examples
Cyberattacks are gaining prominence as global supply chain systems shift to the digital space. Crippling a company’s infrastructure involves using loopholes in the data servers of its suppliers, vendors, and other stakeholders. This calls for a complete transformation of the supply chain industry to stop the threat of cybercriminals. However, to mitigate the risk of […]
