The Advancement of Technology in Inventory Management

December 10, 2017

Inventory Management has long been a headache we suffer, and an unwieldy beast we attempt to tame. It’s a complex and demanding task of checking and rechecking stock, and never actually quite being able to say ‘job done’ before it all changes again. Yet it is imperative to the successful running of any retail or manufacturing business. When mistakes happen, they hit the business in two main ways: cost and inefficiency. Read more

Practical Advice for Improving Inventory Management

December 3, 2017

Inventory management news isn’t always the most exciting. As such, we’re easily drawn to headlines such as those pertaining to Amazon’s inventory management drones. However, is this just pie in the sky for the majority of us? Or do we need to start realising that the practical advice concerning the future of inventory management does involve these exciting headlines for everyone, and we need to get with the programme? Read more

Improve Your Cash Conversion Cycle Through Inventory Management

November 23, 2017

An interesting piece of supply chain news has come in from the Dutch industry, and we can apply lessons from it to our own supply chains. The study by M3 Consultancy looked at the differences in performance and working capital of various different Dutch manufacturing companies. One thing stood out: inventory management was the dominant difference between good and poor performance. Read more

How to Improve Warehouse Storage (if you’re not Amazon…)

October 25, 2017

Online shopping is booming at an exponential rate. However, many companies often overlook the absolute bedrock of the supply chain: the warehouse. With consumers expecting lightning fast delivery speeds, the success of a retailer depends on their warehousing and their supplier’s warehousing. The humble warehouse might be behind the scenes, but it is absolutely integral to the overall success of the supply chain and a company’s ability to match supply and demand. Read more

How Small Businesses Can Optimise Working Capital Through Inventory Management

October 7, 2017

Small businesses often find themselves wedged between the rocks of working capital. You understand that you need to maximise working capital to grow and thrive, but you’re limited on how to do it. You’re aware you need to increase liquidity to facilitate success but you’re understandably wary of increasing debt, external financing, and other external ways of strengthening the balance sheet. Read more

Manufacturing Issues That Will Affect Your Profitability

September 5, 2017

Although supply chains, and specifically manufacturing, are becoming more and more adept at using technology, there are still some key problem areas. Technology has both created the solutions, and highlighted the problems. The three main areas that we see negatively affecting manufacturers in terms of productivity, and consequently profitability, are: data management (and how it’s enacted), inventory and gross margin management. Read more