Back in March of 1971, Starbucks was founded selling whole roasted coffee beans from a single location in Seattle’s Pike Place Market. Today, it has over 26,000 coffeehouses worldwide and brought in over $22 billion in revenue last year. However, things didn’t always look so bright. Back in the 2000s, Starbucks had a problem. As the company was growing at […]
Inventory Management Solutions and Leaders
Spotlight on Top Supply Chains: Intel
Placing sixth on Gartner’s Top Supply Chains of 2017, the supply chain of Intel is well-recognized. But how did Intel’s supply chain get to where it is today? What makes it worthy of the list? A few reasons are real-time analytics, technology, and ethical practices. Real-Time Analytics Every year, Intel fulfills over 1 million orders in 100 […]
Inventory Management Features: Replenishment Parameters
It’s time for another Inventory Management Features post! The topic for the day is Replenishment Parameters. So, let’s dig in. Parameters, concerning with restock, are a must-have feature in any Inventory Management System (IMS). They form the foundation of your fulfillment and replenishment operations. Knowing when you need to re-stock your inventory will never cause a […]
Inventory Management Features: Tags
Welcome back to our Inventory Management Features blog series! In this post, we will take a look at “Tags”, what they are, their benefits and how they work. Tags The term tags refers to a mechanism of maintaining inventory quantities. They are assigned to parts that make up an item and can be used to track […]
Inventory Management Features: Cycle Count
Welcome back to our Inventory Management Features blog series! In this post, we will take a look at “Cycle Count“, what it means, benefits, and how it should work as a feature of your IMS. Cycle Count If you’re involved with managing inventory on a regular basis, you may already know what Cycle Count is. […]
Inventory Management Features: Invoices
In this blog series, we take a look at different features of an Inventory Management System. The last time we talked about- Kitting. In this post, we will discuss Invoices as a feature, their purpose and use in an IMS. Invoice Investopedia explains Invoice as a commercial document that records a transaction between two parties. An invoice […]
