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17 June 2024
Supply chain mapping is a process that allows your company to get a comprehensive view of the entire supply chain. It involves creating a visual representation of the flow of materials, information, and finances as they move from supplier to...
Read more26 May 2024
Optimizing inventory levels throughout the supply chain is a critical strategy in modern supply chain management, going beyond simply maintaining stock. Multi-echelon inventory optimisation (MEIO) is a sophisticated approach that allows your business to maintain the right balance of inventory...
Read more20 May 2024
Proper stock control lies at the heart of effective inventory management and is crucial for maintaining a streamlined business model. By accurately managing stock levels, you can ensure that you meet customer demand without incurring unnecessary storage costs. This balance...
Read more17 May 2024
Consignment inventory is a unique method of managing stock. Suppliers provide goods to retailers without transferring ownership until those goods are sold. This approach allows retailers to offer a broad range of products without the burden of purchasing inventory upfront....
Read more12 April 2024
eCommerce inventory management ensures that your stock levels are maintained at a balance that meets customer demand while maximising cash flow.
Read more12 February 2024
It’s never been easier to capture data. All of the best eCommerce platforms on the market today capture a wealth of useful data in the background, but the sad truth is that not enough businesses capitalise on the data they...
Read more5 February 2024
For any online retailer who is shipping internationally, it’s important to know how long shipping will take for each destination they are serving. This enables them to be transparent with their customers, and helps the customer to make an informed...
Read more15 January 2024
Calculating ending inventory is a critical component for any business dealing with physical products. It’s the value of goods that remain unsold at the end of an accounting period. It is a key figure in determining a company’s cost of...
Read more9 January 2024
In the fast-paced world of eCommerce, ‘What is order fulfilment?‘ is a question at the heart of customer satisfaction and business success. It’s more than just sending out packages; it’s about precision, efficiency, and the delicate balance of managing inventory,...
Read more5 January 2024
Struggling with stock imbalances and inflated costs? Effective inventory management is the unsung hero in streamlining your business’s operations and boosting growth. Dive into our guide to discover why inventory management is important and how mastering this skill ensures optimal...
Read more8 November 2023
It’s not uncommon for the number of SKUs a business sells to grow as the business does. When this happens, it gets much more difficult to manage inventory, and we can end up forgetting about those products lying on the shelf that nobody has bought.
Read more3 November 2023
For eCommerce businesses operating with large amounts of inventory, inventory costs account for a significant portion of their overheads. In this article, we’re going to take a look at the different types of inventory costs, how you can calculate your...
Read more18 October 2023
Welcome to a deep dive into one of the most straightforward yet impactful inventory management strategies: the FIFO method. Whether you’re managing a tech retail store or overseeing a large manufacturing unit, FIFO is a term you’ve likely come across....
Read more9 October 2023
It’s pretty common for brands to run out of stock. However, stockouts can do quite a bit of damage to both your business reputation and your bottom line. That’s why it’s important to have a strategy in place to ensure...
Read more8 September 2023
For businesses that deal with the sale of physical goods, inventory management is one of the most important skills to have. Good inventory management will result in less storage costs, less wastage, and more opportunities. It’ll also ensure a good...
Read more22 June 2023
Returns happen all the time. Sometimes an item isn’t quite what the customer expected, and other times the pair of jeans doesn’t quite fit. There might be times when the wrong item turns up, or gets damaged during transit. And...
Read more25 October 2022
There are many cogs that make up the supply chain. Some areas that are less discussed include the first mile-sorting centre and first-mile delivery. Today, we’re going to shine a light on these incredibly important aspects of the supply chain...
Read more23 July 2022
Inventory positioning refers to the physical location inventory occupies within the warehouse and the wider supply chain. Part of any supply chain or warehouse manager’s role is to ensure that inventory is positioned in the optimal location in order to...
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