COVID-19 has caused an unprecedented crisis in the world. Uncertainty over the Supply Chain reached unbelievable levels, with sales being unpredictable, some factories closing or stopping production. The smartest way out of this crisis is to act quickly, decisively and effectively. We have listed a few steps that we think can help you in this…
Category: Inventory management
Retail Inventory Management Strategies To Improve
Inventory management has become a critical success factor in today’s retail. All businesses want to sell something to the customer who walks in the door and for this it is necessary to have what they are looking for. The stock of merchandise of a business is immobilized money, the more inventory a business has, the…
How To Maintain Availability With Safety Stock After Covid-19?
While COVID-19 is a global health crisis affecting thousands of people around the world, significant economic impacts are expected to continue in the future. From a Supply Chain perspective, companies should carefully monitor demand and inventory to meet the loss of production as a precaution to future factory closures and economic recession. Most companies face…
Effective Tactics To Improve Your Inventory Management
Essentially, optimized inventory management means having the right stock, at the right time, in the right place, and in the right quantity, to generate maximum sales, with maximum profits and maximum cash flow. Therefore, tracking certain metrics makes it easier to identify areas for improvement in inventory-related operations. Let’s see the key metrics: Stock rotation….
Choosing A Business Consultancy Firm: How Beneficial Is It?
To make the success of the company possible, a figure such as a business consultant is indispensable who has financial, organizational and economic skills who can also provide award methods for employee work. Undoubtedly the fundamental characteristic of the business consultant is professionalism and competence in identifying suitable strategies. We must think of business consultancy…
Why You Need Help Of Inventory Management Experts To Deal With Post- COVID-19 Effects?
COVID-19 has created problems in many industries where some of their skills have to be shaped while opening the door to a new world for the Supply Chain. The emergence of e-commerce and the birth of the digital evolution have been recognized as key factors in shaping the future of the Supply Chain. But the…
Inventory Management In The Retail Food Industry
A distinctive feature of fresh products such as fruit and vegetables in the retail food sector is that the supplier, packaging and pricing vary throughout the year. So how do buyers calculate what quantity of products they should buy? How can they reach the optimum stock level without having to place expensive, last minute orders…
How Do You Determine Your Inventory Availability Level?
Inventory management is a complex system of interconnected tasks and processes. Regardless of what your business sells, the products are likely stored in one or more locations as inventory. An inventory management company is important for your company, regardless of whether it is (just) a stack of cardboard boxes or warehouses with parts and materials…
Reasons For Keeping Sufficient Stock
One of the main reasons for inventory availability is to provide customers with the best possible level of service. However, many managers spend their time worrying about finding the balance between product availability and supply Chain costs. Why should you keep stock? Your inventory availability is important to meet customer demand. However, the actual level…
Tips For Inventory Management During Peak Sales Periods
As inventory management becomes an even more important issue for e-commerce companies during peak sales and holiday periods, it is one of the works that must be done carefully. You always need to be ready for a busy season after the advertising campaigns you will make to increase the sales and meet the targets. It…