Reviewing the important differences between these related concepts. Image source The term “warehouse” was first coined in Great Britain almost 700 years ago, but the concept of using large industrial buildings to store and organize goods originated at least 3,000 years earlier with the ancient grain silos of Egypt. In recent decades, computer technology and […]
A logical inventory hierarchy streamlines the inventory management process. Image source Unless your business builds or sells just one SKU, you understand that inventory items are not all managed equally. High priced, long lead time items tend to be monitored closely while low value items might be managed by simply refilling kanban bins periodically. How […]
Inventory management is an important operational process for furniture retailers. Image source The scents of oak, pine, and leather found in a furniture store take us back to a simpler time, before computers and the internet became the backbone of the retail shopping industry. With raw materials and finished goods of all shapes and sizes, […]
Retailers can improve delivery times by balancing supply chain complexity with customer service. Image source If you are continually amazed by online retailers like Amazon who can offer one or two day delivery for nearly every available product, you are not alone. As top retailers master the art and science of logistics, the real secret […]
Sharing real-time data with customers and suppliers is becoming a necessity. Image source In the days before the internet, sharing data between companies was difficult at best. Surprisingly, the dawn of the digital age did little to change the status quo of siloed inventory management that had existed for decades. In recent years, part shortages, […]
Inventory management means much more than data and reports. Image source We all know great inventory management software can improve efficiency and visibility by making accurate inventory data available at all times and helping you keep track of complex order fulfillment processes. But can inventory management really impact the customer experience? Absolutely. Customers want high […]