Do the physical items in your inventory match your accounting records? What is the average number of days it takes to sell your items? There’s a lot that goes into supply chain management, and inventory metrics should be leveraged to guide your decision-making and operations. What are Inventory Metrics? Inventory metrics assist businesses in measuring […]
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8 Ways to Better Manage Seasonal Inventory
Forecasting your inventory levels can be tricky, especially when it comes to inventory that relies on seasonal demand. With seasonal items like holiday decorations, winter equipment, or back-to-school supplies, you have a shorter time frame to turn inventory into sales. You could be forced to heavily mark down your items if you overstock, and you […]
5 Ways to Reduce Inventory Lead Times
No one likes delays. Especially when they pop up unexpectedly. Time is precious and shouldn’t be wasted on extended lead times. So what do we do? We make them shorter! How, you ask? Here are 5 ways you can reduce your lead times and save those precious minutes: Kitting Kitting is the process of grouping, […]
Top 3 Companies Using Blockchain in Supply Chain
What if there was a system that could securely track assets and transactions within a business network? What if you could see into the operations of 100 other business partners? Imagine the efficiencies it could bring across your supply chain! This is blockchain. What is Blockchain Technology? Essentially, it is a chain of digital blocks that […]
The Future of Warehouse Technology: The Internet of Things
You may have heard the Internet of Things as an industry buzzword, but what exactly does it mean? The IoT refers to virtually connected objects that communicate with one another through technology. The 3 basic components required are sensors, internet connectivity, and processors that provide the computing power. With sensors from the physical device, information […]
The Future of Warehouse Technology: Image Recognition
Image Recognition Technology is software that is able to identify and classify elements in an image. It refers to machine vision and the computing powers that are increasingly similar to what humans can do. It is also a central concept in our current blog series – the future of warehouse technology. In Part 1 and […]
