A recent study was conducted to determine the current state of warehouse and inventory management operations throughout the utility industry. Companies were asked about their inventory visibility and segmentation, stock level criteria practices, and safety stock level determinations. Although utility companies recognize the importance of inventory management, 60% reported poor inventory optimization performance. So what can be done to improve […]
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Stock Control Tips & Techniques
Efficient stock control means that you are able to trace and track a particular item throughout your supply chain. Inventory can tie up a lot of your business capital, so it is crucial to have accurate information about stock levels and values. With a good system in place, tracking is straightforward and made easy. Here […]
Inventory Management for the Food Industry
Inventory management is essential for any and all industries, but it is particularly important for the food industry. The food industry is complex and has many different components. One of the main differences that set the food industry apart from other industries is the quantity of perishable items. They face a number of challenges such […]
Protect Against Cybercrime – How Cybersecurity Helps!
Welcome to part two of our blog series! It is estimated that there will be a $2 trillion loss due to cybercrime in 2019.As mentioned last week, cybercrime is an ongoing threat and supply chains are at risk. Cybersecurity will help to defend against cybercriminals and is essential to ensure that all of your important […]
Supply Chain at Risk of a Cyberattack? – Beware of Cybercrime
Welcome to our new 2 part blog series! The next 2 blog posts are going to look at cybercrime, what it is and how your supply chain is at risk of a cyberattack, as well as how cybersecurity helps with any cyberthreats. Cybercrime is an ongoing threat. When considering it, most people think of someone […]
Inventory Management Affects Your Customers’ Experience and Sales
According to Bill Hardgrave, a professor at Auburn University, “Accurate inventory is the single thing retailers have got to get right for everything else to work.” The moment shoppers began to buy across several channels, inventory management became more complex. Consumers are expecting fast and accurate orders, and want complete transparency into the entire order fulfillment process. This visibility is […]
