Why do so many savvy business owners spend a fortune on shipping? Because they don’t rate shop. If you’re a business owner, you’ve likely spent plenty of time negotiating with suppliers and optimizing your operations to reduce labor costs. But when was the last time you took a hard look at your shipping rates? Do […]
Safety Stock 101: How to Find Right Safety Stock Formula A strategic supply chain management system is vital to the success of any product-based operation. It can lead to increased customer satisfaction, reduced operational costs, and steady cash flow for your business. Consider this: an unexpected delay on a shipment of car parts can cost […]
Data is king in today’s warehouses. You’re likely gathering more data than you know what to do with. Even as a consumer, we’re bombarded with more data than we can process during every moment we spend awake. You have no choice but to prioritize certain data over others.
In this article, we delve into the nitty-gritty of improving warehouse operations and efficiency, with a specific focus on reducing operating costs and optimizing your systems for heightened productivity. We outline nine practical methods, which range from optimizing storage and enhancing delivery options to auditing packaging practices and considering automation in the picking process, aimed […]
Warehouse Technology Trends: Automation, Blockchain, Robots 47% of companies reported significant benefits in adopting artificial intelligence in the supply chain. Despite all of the technological advancements made every day, many companies that need these agile technologies for their supply chains struggle to adopt them.
Demand Forecasting & Demand Planning for Higher Retail Profit Margins 34% of the top 50 U.S. retailers have reported poor forecasting accuracy. Considering a deviation of 1% in either over-forecasting or under-forecasting can cost a company thousands, or even millions of dollars, you have to wonder why? Only about 60% of the top retailers rate […]
