Is 2024 the Year to Plug into an Electric Vehicle? Are you thinking about buying an electric vehicle (EV) in 2024? If so, you might be wondering if it’s a good time to make the switch from gas to electricity. In this blog post, we’ll explore some of the benefits and challenges of owning an […]
The difference between 5g and 2.4g Wi-Fi: What you need to know Have you ever wondered what the difference between 5g and 2.4g Wi-Fi is? If you have a wireless router at home or at work, you might have noticed that it has two frequency bands: 5 GHz and 2.4 GHz. But what does that […]
7 Supply Chain Lessons from Steve Jobs From working in the backyard to transforming the world, Steve Jobs has changed the perception of technology. A self-made businessman with an extraordinary vision shook the world with innovative products and designs. But being a leading personality is not easy. Jobs had his ups and downs in keeping […]
10 Experts Share Tips For Better Inventory Management Think about the online stores you buy from regularly. Do they consistently have the product you want? If the answer is no, then the business likely doesn’t have as good control of its inventory as it should. Inventory management is at the heart of any well-run, sustainable […]
Three Supply Chain Lessons for Businesses Coping with COVID-19 As governments and healthcare agencies around the world work to stop the spread of the coronavirus, importers, and exporters across 164 countries are struggling to manage the pandemic’s growing impact on their supply chains. Despite past lessons from 2003’s SARS outbreak and 2011’s Fukushima tsunami about the hidden […]
[ad_1] The new year is here and with it comes a new set of opportunities, challenges, technologies, and trends to keep a close watch on, regardless of what industry your business caters to. In 2019, global businesses saw an influx of unpredictable economic and political changes directly impacting the supply chain and customers. This year […]
[ad_1] What Is Vendor Managed Inventory? Vendor Managed Inventory, also known as VMI, is a mutually beneficial business relationship between a buyer and a vendor, where the vendor is responsible for maintaining agreed upon inventory levels for the buyer. While nuanced variances within the VMI family exist, standard rules of engagement for a VMI relationship […]
[ad_1] How to Grow an Inventory Based Subscription Business: Some people begin businesses so different from their original area of expertise that the path from one job to the other is a bit of a head-scratcher—a former corporate lawyer running a surf shop, for example, or a schoolteacher selling upcycled clothing. For Matt Fiedler, co-founder […]
[ad_1] How to Optimize Inventory to Maximize Profitability: While the Dilbert cartoon above states a seemingly obvious solution to an inventory problem, it highlights one of the most common intracompany battles regarding inventory. Your sales side of the business desires unlimited supply of every product you sell. However, the procurement, supply, or merchandising side of […]
[ad_1] The Hidden Costs of Inventory: You’ve decided it’s time to invest in new inventory. Your customers demand your product, and you want to deliver promptly and accurately. You have considered the obvious costs of your inventory (e.g. storage and maintenance). But, have you considered all of your holding costs? Broadly defined, holding costs are […]