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I am half-way through a spring speaking tour that will wrap-up in June with a speech in SouthAfrica and Peru. It pains me to see nine out of ten companies are stuck at the critical intersection of cost and inventory turns. In the outside-in supply chain, the signals are from the buy and sell-side markets back to the enterprise.
Tracking the inventory and reorder point gives organizations complete control over their stocking policies is one of the many functions that it deploys. Providing data-informed, personalized recommendations at the moment of purchase to end users increases average revenue per user and provides a more attractive offering to customers.
I got to be able to run my operations, even the way I buy products and things of that nature. If you had something inside that product that said, “It was on a forklift, truck and final mile delivery for this long,” you can start to say, “I can manage my inventory better.” You can reduce your inventory costs.
Services Dr. Muddassir offer are as follows: Digital Transformation Inventory Optimization Analysis Advisory and Coaching for Supply Chain Software companies & Professionals Guide: Dr. Muddassir as the supply chain specialist has created 7 e-Books for the SCMDOJO Academy with his extensive knowledge and experience in the field.
Sophie Miles is the VP of Marketing & Co-Founder of CalculatorBuddy.com , a tech company in expansion to USA, Canada, and SouthAfrica. Keep in mind that an inventory control software will help your business be more profitable and efficient, and consequently, help you give a better service to your customers. Sophie Miles.
Earlier in his career as the senior global supply chain position for Honeywell’s one-billion-dollar Fluorine Products business unit, Steve was accountable for all the inventory planning elements including the business’s SIOP processes for their chemical plants, blending facilities and distribution centers in 7 countries across the world.
The solution enables companies to better understand: What to buy. When to buy. In what quantities to buy. All with the goal of maximizing the company’s bottom line by minimizing the incidence of stock outs and materially reducing or eliminating excess inventory. What kinds of tasks have you helped your clients automate?
The online mode of selling the products has made the customer crazier and happy to purchase the items just a click away. And the countries like SouthAfrica are willingly developing online selling in a dynamic way to grab the customer’s attention is an excellent way. E-commerce sites in Saudi Arabia.
The solution enables companies to better understand: What to buy. When to buy. In what quantities to buy. The ultimate goal is to maximise a company’s bottom line by minimising the incidence of stock outs and reducing or eliminating excess inventory. What kinds of tasks have you helped your clients to automate?
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