Inventory is an important asset for a business. However, this asset can be costly if not moved quickly. In fact, holding inventory can cost you a whopping 25-30% more than its unit value. These costs can include taxes, storage, damage, theft etc. But not your Opportunity Cost, which is another 15% or more. In today’s competitive […]
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Top 5 Tips to Manage Inventory at Multiple Locations
Managing inventory can be challenging if you keep your stock at more than one location. But it shouldn’t be. Rather, you should focus on how to grow your business. In this blog post, we will recommend the Top 5 Tips to manage your inventory stored at multiple locations. Having a Cloud based system for your […]
Netflix vs Amazon Effect on Supply Chains (1/2)
There are some companies who have redefined the way business is done. Netflix and Amazon are two prime examples. In fact, both of these companies have disrupted their respective industries in the way products and services are offered. Netflix brings content right to your screen with no wait time. Whereas Amazon lets you shop without […]
Knowledge Work in Supply Chain
With the rapidly changing business climate, supply chains need to be more flexible and reliable. In the past supply chains were labor heavy, but now they are more information intensive. Recent changes have led to the automation of supply chains due to three main benefits: Reduce costs Increase sustainability of products Increase rate of flow […]
Circular Supply Chain: A Value Web?
The comparison of a supply chain to a value ‘web’ is a topic that’s hard for us to not talk about. It is correctly said that supply chains, if built right, can span out like a (Clear) Spider’s web to connect all the suppliers and their partners in the chain. In fact, that is what […]
Top 3 Tips for the Healthcare Industry in 2017
Global healthcare spend is expected to increase to a whopping $8.7 trillion by 2020! This means that the healthcare industry needs to implement better supply chain management tools to keep up. However, supply chain for healthcare organizations is more complex. They involve multiple stakeholders such as insurance companies, group purchasing organizations (GPO), and health regulatory […]
