How is your Inventory-Based Business Performing? 5 Measurements of Success
Inventory-based businesses may assume that their bottom line is one of the most critical measures of success. It is certainly a metric to consider, but there are other measurements of …
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The Importance of Classifying Inventory
Classifying inventory is one of the most basic, yet essential and strategic parts of inventory management. Classifying inventory allows business owners to focus on items that make the most impact …
6 Tips To Cut Your Supply Chain Cost
It appears the price of everything is going up dramatically. It has become important for businesses to find ways to reduce costs and manage expenses. You may not think of …
Are You Ready to Embrace the Omnichannel Revolution?
Inventory management is a challenging enigma, with customer demands, fulfillment speeds, and omnichannel shopping gateways has put immense pressure on distributors. It is hard to predict and react to demand-side inventory in an …
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7 Strategies to Minimize the Bullwhip Effect
The bullwhip effect occurs when small changes in demand at the retail level, like a shift in overall consumer buying habits, lead to larger-scale changes as it moves up the supply chain …
7 Benefits of Shifting Inventory Risk to Manufacturers
Manufacturers have carried little of the risk that goes along with maintaining inventory. Manufacturers may produce large product lots, then pass them on to the sellers. Once they leave the …
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6 Strategies to Cut Costs Across Your Supply Chain
Cutting down on the cost associated with managing your supply chain can be challenging. There are several strategies you can use to cut costs across your supply chain and improve …
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6 Supply Chain Hiring Tips
We all know how difficult it is to find the right talent to build your supply chain team. Jeffrey Porter at StockIQ has been in the industry for over 30 …
6 Reasons Inventory Control is Important
Inventory control is the process of keeping track of stock you have on hand versus the stock you need to have on hand, including ongoing changes in demand based on …
CAN SUPPLY CHAIN PLANNING SOFTWARE IMPROVE OPERATIONS?
Having the right supply chain planning software in place in your business can improve a number of operations. Some of those improvements may seem obvious, but others become more apparent …
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