The weather has always been tough on the supply chain, but climate change risk is only rising. Whether its floods, droughts, storms or other extreme weather, your supply chain needs to be ready. With one of the coldest winters in 20 years coming to pass, firms are reminded of the impact weather can have on their company. Here are four […]
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Ways The Cloud Can Revolutionize The Supply Chain
Communication Cloud technology has the ability to improve communication across the entire supply chain. It allows all partners within a supply chain to easily collaborate with one another. Imagine a social media platform such as Facebook or Linkedin that easily allows you to send real time updates to all members of your supply chain. This can can […]
The Difference Between Replenishment and Fulfillment
Order replenishment and fulfillment are two terms that are often in use together, but they are not the same. When it comes to inventory management, it is important to understand the difference. Replenishment This is the process of reordering items that you have previously purchased in order to meet demand. For example, let’s say that you ordered 100 t-shirts, […]
Inventory Management Disasters: Target Canada
Recently, Target Canada has been the center of attention. After all, are claiming bankruptcy and liquidating their 133 retail stores. The retailer entered the Canadian market only two years ago in March of 2013. Hugely anticipated by Canadians, many even paid regular visits to the company’s US stores for low prices and unique product lines. However, Target’s launch in Canada was disappointing. […]
How Managing Your Retail Inventory Can Maximize Your Profits
Your retail firm’s largest asset is the merchandise you sell. As a result, efficiently managing your inventory is essential to maximizing your profits. Here are four ways an inventory management system can help you do this: Inventory Management Inventory management gives you visibility of your stock levels at each point in your supply chain. Having visibility […]
Top Six Benefits of Cloud-Based Software
What is cloud-based software and how does it differ from local installations? Instead of on your hard drive, cloud-based software lives on the web. As a result, your data is easy to access and the software is scalable to suit your business needs. Here are the top six benefits of using cloud-based software: Accessibility Cloud […]
