5 Ways to Improve Inventory Management With an Inventory Scanner System
As a manufacturer, if you find that manually counting your inventory is becoming less reliable, it’s time to upgrade your inventory management strategies. Enter barcode scanning for inventory management – the fastest and most accurate method for tracking your inventory movements. Without barcodes, you run the risk of inaccurately assessing your stock levels, potentially leading […]
Role of Finished Goods in Supply Chain
In the world of sales, the backbone of success lies in getting those finished goods out there. It’s like a synchronized dance among marketing, logistics, and supply chain teams, ensuring the product reaches every corner. When marketing announces a new product, it’s like the starting gun for everyone else to kick into gear, ensuring that […]
Process Vs Progress: Which One Does Your Inventory Need?
Inventory management is crucial in business operations. After all, it ensures efficient use of resources and timely delivery of goods. Central to this are two key concepts: Work in Process (WIP) and Work in Progress (WIP). Unfortunately, both have the same acronym. So, for the rest of this discussion, we will proceed with the “process […]
Understanding Consignment Inventory Best Practices
Retailers prioritise inventory management to meet customer demand and control costs. A robust system tracks product levels, prevents overstocking, and enhances inventory performance. However, industries like fashion and confectionery face uncertainty in predicting demand, leading to hesitancy in stocking new items. That is where consignment inventory or stock comes into the picture. Understanding Consignment Inventory This […]
Role of Customer Service in Supply Chain Management
69% of individuals opt out of further engagements with a company due to subpar customer service. And the number isn’t even surprising, because customer retention is the single most important factor that’ll either make or break your business in 2024. While we jest about it, quality customer service undeniably shapes business outcomes. In today’s information age, […]
A Comprehensive Guide On Surgical Inventory Management
The world of health care can be exactly described with the metaphorical sentence “every second counts”, and that’s why surgical inventory management to make the difference can have such a great effect during operations. Proper inventory management ensures crucial supplies’ availability, reduces costs and waste, preventing unforeseen problems in hospital and clinic operations. In this […]
The Importance of Inventory Control Techniques in Hospital
Every second matters in a hospital’s busy hallways. Inventory control techniques in hospital must always be readily available for the smooth and efficient operation of vital medical supplies and life-saving medicines. Hospitals can now guarantee better patient care as these systems have automated the inventory management process, enabling them to keep track of every in […]
Difference Between Operations Management vs Supply Chain Management
The process it takes for a product to reach a customer’s hands is a complex one. It involves multiple internal and external reviews and audits along the way. Each player in the supply chain oversees its part in the process. It is a dynamic world of production, where efficiency and effectiveness and improvement are key. […]
What is a Put-To-Light System: Everything You Need to Know
Sorting items in heavy containers is done using automated solutions like Put Light. Similar to a pick-to-light system, it replenishes stock and maintains inventory management. Designed to maximise efficiency, they reduce the errors in order processing. What is the technology? How does it work? Let’s explore put-to-light technology in detail. What are Put-Light Systems? The […]
Computer Vision Vs Machine Vision: Which is the Best for Supply Chains
The idea that machines can see has been there since the advent of science fiction for decades. But now it has turned into a reality. First machine vision happened. It uses existing tech to “see” steps in production lines. Recently computer vision has taken over. If you think of machine vision as a body, then computer […]
Importance of Automation in Retail Industry: Complete Guide
Retail automation isn’t just about speeding up tasks. It’s like having a super helpful assistant for your store! It gives you all sorts of tools to make your brand awesome for customers, keep track of money and stuff, and make sure customers leave with big smiles. Old-fashioned retail takes a lot of time and people, […]
Demand of Supply Chain Visibility in 2024
Companies need to track and monitor their products, materials and information as they ,ove through supply chains. That is supply chain visibility. This includes sourcing of the raw materials till the final product reaches the consumer. This entire process encompasses the gathering and analysing of real-time data and information. They are all of the movement, […]
