ShipBob

DECEMBER 13, 2023

The success of any ecommerce business depends greatly on how it manages its inventory health. Now, for some, inventory health may not be an immediate concern. You might say, “I’ll just order plenty of inventory and wait until it sells out.” What is inventory health?

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

Unleashed

APRIL 21, 2024

The first step in a standard order processing system is the verification of a customer order which often includes a check to confirm there is sufficient inventory available to fulfil the order. Once confirmed, the ordered items are picked from your inventory, sorted, packed, and shipped to the customer.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

Unleashed

FEBRUARY 8, 2024

Effective inventory tracking is a critical component of inventory management. There are two main ways businesses can track inventory: manually, using spreadsheets and logbooks; or automated, using inventory software systems. What is inventory tracking? It helps to reduce inventory shrinkage and loss.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Forecasting Software Demand Planning Software 52

The Logistics of Logistics

JULY 12, 2023

Corey, CEO of Davinci Micro Fulfillment , supports brands with an end-to-end solution for efficient direct-to-consumer eCommerce fulfillment. Davinci’s MFC locations are strategically located throughout the US and sized to minimize lead-time (same day to 1-2 days shipping time to consumers) and cost.

Negotiating Skills 215

Negotiating Skills Purchasing Skills Network Optimization Software Logistics Network Optimization Software 215

ShipBob

JANUARY 28, 2022

Proper inventory management can make or break ecommerce brands: Have too much stock and you’ll rack up storage costs and tie up cash flow. That’s why it’s crucial to track inventory management KPIs consistently. . What are KPIs & why are they important for your inventory management? Inventory KPIs.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

ShipBob

NOVEMBER 6, 2023

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

Logistics Viewpoints

MARCH 27, 2023

Solvoyo’s Solution Bugaboo: something that causes fear or distress out of proportion to its importance. When companies talk about improving their forecasting, they are most often referring to demand forecasting. This leads to lower inventory carrying costs and thus better case flow. Absolutely! This increases sales.

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

A digital workforce weaves together disconnected automation tools – Robotic Process Automation (RPA), AI, and machine learning – to think, act and analyse the way a human worker would, and work alongside humans. RPA as it is also referred to, has the capability to transform supply chain management. Procurement.

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

Enterra Insights

NOVEMBER 23, 2021

Much of the finger-pointing involved the movement of shipping containers into and out of port facilities. For the supply chain to work smoothly, a complex and highly choreographed dance, involving both full and empty shipping containers, must be performed. More than 80 ships stretched to the distance — a new record. ”[1].

Supply Chain Design Software 130

Supply Chain Design Software Shipping Supply Chain Design Supply Chain Planning Software 130

Unleashed

MAY 7, 2023

With the right systems in place, manufacturing inventory management can help to reduce production and ensure all operational processes are carried out effectively and efficiently. In this guide, we cover the types of manufacturing inventory, the costs, and a few handy strategies for managing it effectively.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Material Savings Inventory 52

ShipBob

NOVEMBER 29, 2023

These physically unaccounted-for units of inventory called ghost inventory, or phantom inventory , are a more common challenge faced by retailers than you think. Often, the items accounted for in the asset register do not reconcile with what is in the inventory. What is ghost inventory?

Purchasing Skills 52

Purchasing Skills Inventory Inventory Management Software Forecasting Software 52

Unleashed

JULY 12, 2023

Inventory is often the largest current asset in a business. Before you develop an effective inventory management strategy you need to understand what inventory is, its various types, and how it works in a business. What is inventory? Inventory is the stock of goods and materials currently owned by a business.

Inventory Reduction 52

Inventory Reduction Examples Inventory Material Savings 52

Unleashed

MAY 30, 2023

Anticipation inventory is the solution to this problem. Read on to learn what it is, how it works, and the pros and cons of this inventory strategy. What is anticipation inventory? Anticipation inventory can be described as the inventory which is purchased in anticipation of expected increases in demand.

Inventory Reduction 52

Inventory Reduction Inventory Negotiating Skills Purchasing Skills 52

Unleashed

JULY 2, 2023

Days Inventory Outstanding (DIO) is a fundamental inventory metric for measuring efficiency and liquidity inside a product business. It’s used frequently in inventory accounting to help businesses understand their holding costs and make optimised purchasing decisions. What is Days Inventory Outstanding?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 52

Taulia

SEPTEMBER 7, 2022

But those goods and materials, referred to collectively as inventory, can be difficult to manage efficiently – especially at scale. Ineffective management of inventory can be extremely harmful to operational success. But, to complicate matters, there’s more than one inventory management strategy to choose from.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Material Savings 52

Unleashed

OCTOBER 30, 2023

Ecommerce consumers want fast, accurate deliveries and a transparent purchasing process. WooCommerce order fulfilment refers to the processes involved in completing customer orders through an online WooCommerce store. It includes tasks such as managing inventory, packing and shipping customer orders, and processing returns.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Procurement Solutions Material Savings 52

Unleashed

APRIL 18, 2023

Great inventory management comes down to good systems, good processes, and constant improvement. The last of these can be achieved by tracking the right inventory metrics, analysing the results, and making data-driven optimisations. So, what are the ‘right’ inventory metrics, and how do you calculate them?

Procurement Analytics 52

Procurement Analytics Metrics Inventory Reduction Inventory 52

Unleashed

SEPTEMBER 7, 2021

In this guide to barcodes in inventory management: In order to apply barcodes to inventory management, it is important to understand the basics of the barcode system. Hence, some companies will find corded barcode scanners to be all they need, where other companies require wireless scanners to support their online inventory management.

Inventory Management Software 96

Inventory Management Software Inventory Management Inventory Reduction Inventory 96

Precoro

MAY 19, 2023

The right metrics can shed light on how cost-effective a company’s processes are when it comes to the flow of goods, both at the inbound stages of procurement and outbound all the way to the customer. Inventory is one of the most important assets of any company, as it’s the basis for generating revenue.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

EMERGE App

MARCH 18, 2019

Instead, it refers to a quality management improvement process used by large scale manufacturers. At first glance, there may not be much synergy between Six Sigma and inventory management. Next, we’ll explore whether it is still relevant today and what it means for inventory management. What is Six Sigma?

Six Sigma 40

Six Sigma Inventory Management Software Supply Chain Design Software Inventory Reduction 40

ShipBob

JUNE 29, 2022

You need tools and technology solutions working together in order to receive payments, process orders, and send them to the fulfillment queue. In this post, we’ll take a closer look at what ecommerce enablement is, how to get started, and what software and tools you can use. Purchase a domain. Let’s find out.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Analytics Software Supply Chain Design Software 52

Enterra Insights

DECEMBER 4, 2019

… The one issue retailers should we wary of — if this trend tracked by Coresight holds true — is ending up with too much inventory on their hands after the holiday season, if they’re planning to sell more than what ends up being the case. As Thomas pointed out, inventory management is especially critical during the holiday season.

Procurement Solutions 100

Procurement Solutions Eliminating Excel in Purchasing Purchasing Skills Procurement Analytics 100

Unleashed

DECEMBER 14, 2018

Inventory control encompasses all aspects of managing a business’ inventory stock, from purchasing, shipping, receiving, tracking, warehousing and storage, turnover, and reordering. Inventory control is such a critical function for many businesses spanning every industry. What is an SDE analysis?

Inventory Management Software 58

Inventory Management Software Analysis Inventory Management Inventory Reduction 58

SCMDOJO

APRIL 15, 2024

Cloud and Machine Learning services: Amazon Web Services (AWS) – Provides cloud computing infrastructure, storage solutions, and machine learning services to businesses and developers worldwide. Pharmacy: Amazon Pharmacy – Online service for purchasing prescription medications with home delivery.

Logistics Network Optimization Software 79

Logistics Network Optimization Software Inventory Reduction Sourcing Strategies Inventory Management Software 79

Vanguard Software

MARCH 12, 2021

Inventory replenishment involves purchasing and moving inventory, both finished goods and raw materials, from reserve storage to primary storage and eventually to the selling location. The Importance of Inventory Replenishment. Lead time refers to how quickly the supplier can fulfill the order. Factors to Consider.

Modeling 52

Modeling Inventory Reduction Optimization Software Supply Chain Optimization 52

Unleashed

AUGUST 20, 2023

In manufacturing, for example, lead time refers to the amount of time it takes for a product to move through the entire production process , from when the initial order or request was made to the final delivery. For customers, it can mean the time it takes to receive an order after they have purchased it.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Logistics Viewpoints

MARCH 6, 2023

GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. The simplified assumptions allow companies “to manage margins, supply chain costs, and inventories”, but “it does not enable them to manage enterprise costs, profit, and working capital.”

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Transformation Modeling Scenario Planning 235

Unleashed

JANUARY 29, 2024

Stock-keeping-unit (SKU) rationalisation is an inventory management method for improving the performance and profitability of your business. As a business strategy, SKU rationalisation helps you to reduce business costs, improve inventory management, increase operational efficiency, and enhance your brand image.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Enterra Insights

OCTOBER 21, 2021

Robinson, explains, “Reverse logistics refers to any portion of the reuse of products and materials in a supply chain. Often, retailers consider a product’s supply chain to be complete the moment that it is purchased or received by a consumer. That’s why having a world-class shipping strategy is important.

Reverse Logistics 130

Reverse Logistics Cost Reduction Strategies Material Savings Manufacturing Procurement 130

Intelligent Audit

JUNE 29, 2021

The COVID-19 pandemic drastically changed both the world and how companies conduct business, especially regarding how pharmacies are shipping pharmaceuticals. Thus, the implementation of online ordering has become a prominent solution that provides the customer with suitable accessibility.

Pharmaceutical 52

Pharmaceutical Prescriptive Analytics Software Shipping Analytics Software 52

Intelligent Audit

JUNE 29, 2021

The COVID-19 pandemic drastically changed both the world and how companies conduct business, especially regarding how pharmacies are shipping pharmaceuticals. Thus, the implementation of online ordering has become a prominent solution that provides the customer with suitable accessibility.

Pharmaceutical 52

Pharmaceutical Prescriptive Analytics Software Shipping Analytics Software 52

ShipBob

FEBRUARY 6, 2023

To make this happen, businesses need to take advantage of technology solutions that allow them to seamlessly share data, communicate, and execute different warehousing tasks. From platforms that simplify data exchange to tools that support storage and retrieval, these latest warehouse technologies allow for better automation and efficiency.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Optimization Software Predictive Analytics Software 52

Supply Chain Game Changer

SEPTEMBER 21, 2022

The Supply Chain industry provides vast employment opportunities, from procurement to warehouse inventory, management, and shipping. The terms freight broker and freight agent are often confused in the cargo and shipping sector. Freight brokers and agents contribute significantly to optimizing the shipping process.

Negotiating Skills 96

Negotiating Skills Freight Purchasing Skills Optimal Sourcing 96

Unleashed

JANUARY 31, 2023

Ideal product flow efficiency is achieved by optimising inventory control , minimising supply chain interruptions, and eliminating downtime. This is the core function of lean logistics, and is commonly referred to as ‘going lean’. Minimises inventory risk Lean logistics reduces downtime so that production lines can flow smoothly.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Waste Reduction Inventory Reduction Cost Reduction Strategies 98

Unleashed

FEBRUARY 21, 2024

It covers every aspect of dealing with customer returns, including policy management, reverse logistics, customer service, returned goods inventory management , and developing strategies to reduce return rates. However, that same year, software company Steam announced a new open refunds policy and it was immediately abused by online users.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Cost Reduction Strategies Material Savings 52

ShipBob

JULY 28, 2021

Want to know the secret to creating a memorable post-purchase experience? Delivery management refers to the process of transporting finished goods from one location to the next. . With rising customer expectations, on-demand logistics solutions are becoming an essential component of the supply chain. Download the Guide.

Optimal Sourcing 98

Optimal Sourcing Optimization Software Inventory Management Software Supply Chain Planning Software 98

Unleashed

NOVEMBER 10, 2019

The nature of online businesses is significantly different in scale and operations to traditional retail outlets and as a result the scale of inventory stock can range from small home storage to vast, multiple warehouses facilities. Overselling inventory stock.

Inventory 61

Inventory Inventory Management Software Demand Planning Software Purchasing Skills 61