It’s no secret that Tesla has been having troubles with their supply chain lately. Last year, Tesla was even assembling the Model 3 by hand. The original goal was to make 5,000 Model 3 units per week by the end of 2017. Due to supply chain bottlenecks, this goal was then pushed back to March […]
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H&M’s $4.3 Billion of Obsolete Inventory – And How You Can Avoid It
The market of fast fashion is exactly that – fast, and H&M is having a hard time keeping up. Competitors like ASOS and Boohoo have cut down their supply chains to between two to four weeks. In contrast, H&M is falling behind with a six month turnaround time. Although H&M was once a top performer and pioneer […]
Cycle Count Best Practices: The Top 5 Things You Should Be Doing
Previously, in our Inventory Management Features series, we went over the basics and benefits of cycle counts. This time, we will go more into depth and explore how you can improve your cycle count. In simple terms, a cycle count is the audit practice of checking the inventory levels on a continued schedule. However, cycle counts are usually limited […]
Inventory Management Lessons From March Madness
I know what you’re thinking– how could inventory management possibly be related to a NCAA basketball tournament? Here’s the thing: they’re more alike than you may know. From preparation to execution to the end result, there are many lessons from March Madness that you can apply to the way you manage your inventory. Are You […]
The Logistics of NAFTA: What Does it Mean for Supply Chain?
What is NAFTA? Established in 1994, the North American Free Trade Agreement aims to make it easier for the US, Canada, and Mexico to do business with each other. Over the last 24 years, the trade bloc has eliminated tariffs and reduced other barriers to trade. However, not everybody believes that NAFTA’s benefits outweigh the costs. […]
Data Integrity’s Impact on Supply Chain
Data integrity is a vital part of supply chain management. Forecasting uses data to improve your ability to estimate future sales, reduce shortages and overstock, etc. However, bad data will impact the accuracy of your forecasting. If the input is off, the output will be as well. It is estimated that data integrity costs British businesses about £1.2 billion […]
