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How to prevent stock outs and overstocking in your business?

How to prevent stock outs and overstocking in your business?

Keyword: e-commerce inventory management E-commerce inventory management, due to its ever-changing nature for which reason it is termed as dynamic. Constantly poses challenges in meeting and keeping with the expectations of consumers. Whose preferences also undergo changes from time to time.  Promising consumers with options without accurate details of inventory may lead to falling shortRead more about How to prevent stock outs and overstocking in your business?[…]

7 tips to reduce manufacturing lead times

7 tips to reduce manufacturing lead times

Principal Keyword Kaizen It may sound ironic, that in a tough competitive environment in which firms operate, reducing manufacturing lead times occupies a singularly critical factor in distinguishing firms. From one another, as it offers a crucial ‘competitive edge’ that makes them stand out. For instance, if firm ‘A’ promises and keeps it up byRead more about 7 tips to reduce manufacturing lead times[…]

What is the difference between MTS and MTO?

What is the difference between MTS and MTO?

Principal Keyword: inventory management Inventory planning is a challenging task, especially in respect of businesses, which have multiproduct and multistage manufacturing activities. The challenge gets further accentuated. As each inventory policy, has to be designed with a set of parameters that has to be tuned to fit every order. For this reason, it is necessaryRead more about What is the difference between MTS and MTO?[…]

5 Keys to Creating a Sustainable Supply Chain

5 Keys to Creating a Sustainable Supply Chain

Introduction The sustainable supply chain has become a prerequisite for the successful operation of businesses. They face calling for a range of solutions due to the diverse challenges. Through sustainable supply chain enables the introduction and implementation of collaborative abilities in vertically integrated firms. It at the same time, it keeps intact the flexibility andRead more about 5 Keys to Creating a Sustainable Supply Chain[…]

How to find the right manufacturer or supplier for your products?

How to find the right manufacturer or supplier for your products?

Introduction Choosing the right manufacturers and or suppliers is mandatory for you if you have to succeed in your business as it forms the basis for providing the most appropriate goods at suitable prices within the right framework of time. In this article, we discuss more in detail as to why it is essential, theRead more about How to find the right manufacturer or supplier for your products?[…]

Why Your Business should perform a Value Chain Analysis?

Why Your Business should perform a Value Chain Analysis?

Introduction & Background In the last few decades, supply chain management (SCM) has evolved into a major discipline on its strength by playing a productive role in improving the competitiveness of industrial organizations by offering benefits like lowering inventories, shorter cycle times, etc. At the same time, it continues to be an integral part ofRead more about Why Your Business should perform a Value Chain Analysis?[…]

How Machine Learning Improves Supply Chain?

How Machine Learning Improves Supply Chain?

Machine learning (ML) as a technology has been gaining traction across multiple business segments (e.g., consumer behavior, e-commerce, financial services, health care sector, logistics) because of its ability to solve problems in a practical business setting.  It, therefore, becomes necessary for the executives across the businesses to understand fundamentally what ML is about and howRead more about How Machine Learning Improves Supply Chain?[…]

How to increase the Service Level in Supply Chain and Operations Management

How to increase the Service Level in Supply Chain and Operations Management

A salient objective of any business is to deliver the next-generation services, which are geared to propel growth. This article focused on throwing light by elaborating on the ways and means to increase the service levels. Wherein the ultimate thrust is on taking your business to the next level, which would accelerate growth. We aimRead more about How to increase the Service Level in Supply Chain and Operations Management[…]

How does fulfillment in Supply Chain Work?

How does fulfillment in Supply Chain Work?

  Gearing up the businesses with improved product fulfillment operations enhances the reliability of your supply chain operations. It paves the way for an increase in the profitability as it brings about streamlining of processes at reduced costs. It is then natural that we need to have an understanding of how fulfillment works in theRead more about How does fulfillment in Supply Chain Work?[…]