Articles
Inventory Management
Future-Proof Your Supply Chain
Unpredictable demand has become standard, but there is no reason why it should cause your business to be unaware, unfocused, and unready. Consider these action items to overcome challenges and future-ready your operations during peak seasons.
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Don’t Blame Lean Manufacturing
Lean manufacturing has been blamed for the recent supply chain crisis, with critics claiming lean and just-in-time (JIT) manufacturing encouraged extremely low inventories of raw materials and components. When the pandemic arrived, and supplies were disrupted, manufacturers had to stop production due to material shortages. This had cascading effects all the way down the supply […]
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Embracing the Opportunity in Returns
With the explosive growth of online shopping in recent years, largely fueled by the pandemic, returns are on the rise and have become a logistics headache for retailers, carriers, and consumers. The long-term impacts of this increased demand, and the resulting strain on retailers and supply chains, will largely depend on how retailers respond.
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Operating in Style
After working for several years in the field of styling and fashion, Joelle Desaulniers created the eponymous JOELLE Collection. The Quebec-based company offers unique dresses, sweaters, jumpsuits, and jewelry, among other items, through a thriving online business and a boutique in Trois-Rivieres. Another boutique in Place Ste-Foy is slated to open later in 2023.
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Supply Planning: Definition, Process, and Best Practices
Supply planning is a business management tool that impacts supply, demand, and inventory levels. Retailers use supply chain planning systems to provide projected demand for products and materials needed to support those demands. The process is designed to balance plans for future demand with the availability of goods in inventory. Supply planning helps companies determine […]
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2023 Inventory… Too Much? Too Little?
Inventory. That was the theme unifying both attendees and exhibitors at the 2023 National Retail Federation (NRF) convention in New York City. More precisely, everyone I spoke to was interested in load balancing inventory to serve new retail fulfillment approaches striving to catch up with the blindingly fast evolution in consumer buying habits. For retail […]
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5 Ways Logistics Managers Can Battle Inflation in 2023
With inflation at 40-year highs and a challenging macroeconomic situation, here’s how you can find stability in your operation.
Read More10 Tips: Matching Inventory To Demand
Demand is a constantly changing variable in any supply chain. Each time the demand tides change, retailers, wholesalers, distributors, and manufacturers must align inventory levels to meet customer expectations. Here are tips for doing it successfully.
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How Macy’s Avoids Inventory Glut
Retailers across the country are struggling with inventory pileup due to 2021’s massive supply chain delays. Unloading these previous-season goods has become a top priority for the upcoming holiday and winter season. But Macy’s is singing a different tune: the retailer managed to avoid most of this inventory glut, and reported to the Wall Street Journal that more than half of its offerings for the holiday season will be new.
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Consignment Inventory: Definition, Advantages, and Disadvantages
Talk to any retailer and they will tell you without a doubt that there is a certain amount of risk that results from purchasing traditional inventory. This is because when retailers stock their products, they usually hope that they will sell enough to get a profit before their stock expires. However, this will not always […]
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