inventory management – Page 9 – TOC flow consulting

Beyond Crisis Management: The Strategic Value of Proactive Planning for Sustainable Success

A company’s planning team identified that customers were becoming increasingly interested in sustainable products, and they began to shift their product line towards more environmentally friendly materials and manufacturing processes. They also began to highlight the environmental impact of their products and emphasise the company’s commitment to sustainability. This focus Read more…

By riteshkapur, 12 monthsDecember 26, 2023 ago

Inventory Management

Emotional Mastery in Business: Breaking Free from Fear and Anger’s Hold for Growth

“Tell me how you measure me, and I will tell you how I will behave” The way we measure functions can have some unintended consequences. Conflicts between sales and planning teams can occur due to different goals and objectives.These conflicts can lead to issues such as not having enough well-selling Read more…

By riteshkapur, 1 yearDecember 22, 2023 ago

Inventory Management

Mastering Emotional Influence: Navigating Fear and Anger in Business Decision-Making

“The rational stories that the brain creates to justify these emotions can prevent us from taking action. And limit our potential.” Anger and Fear give you bad advice.Don’t follow it. Our thoughts start with an emotion. Our brain then creates a story or perceived-fact pattern that explains our feelings. This leads to confirmation Read more…

By riteshkapur, 1 yearDecember 20, 2023 ago

Inventory Management

Strategic Paths to Success: A Closer Look at Pioneering Supply Chain Management Approaches

“93% of people in charge of supply chains want to make decisions and act on them quickly.Only 7% are making decisions and acting on them right away.” Many companies are not giving enough attention to supply chain management.However, some companies are doing very well in supply chain management.These successful companies Read more…

By riteshkapur, 1 yearDecember 19, 2023 ago

Inventory Management

Navigating the Crucial Challenge: The Role of Inventory Management in Business Success and Failure

To be or Not to Be. What is a necessary part of most businesses and also the major cause of business failure? Inventory management Inventory can be difficult to predict and manage. Demand for products can fluctuate, and it can be challenging to forecast future demand. Additionally, issues such as – theft, – Read more…

By riteshkapur, 1 yearDecember 16, 2023 ago

Inventory Management

The Inventory Dilemma: Striking the Right Balance for Retail Success

Check your assumptions Most in retail believe:More options mean more sales. They are wrong. Having too much inventory can be detrimental to a business. Excess inventory ties up capital that could be used in other areas of the business. It can also lead to storage and handling costs. Excess inventory can Read more…

By riteshkapur, 1 yearDecember 15, 2023 ago

Inventory Management

Demystifying Demand Strategy: Shaping vs. Shifting in the Business Landscape

Demand shaping aims to smooth out peak demand, whileDemand shifting redirects demand to different products. – Demand shaping involves adjusting the timing of sales to reduce peak demand, for example, offering discounts during off-peak hours. – Demand shifting involves changing the product mix to appeal to different customer segments, for Read more…

By riteshkapur, 1 yearDecember 13, 2023 ago

Inventory Management

Unlocking Market Potential: The Shift from Supply-Driven to Market-Driven Demand Planning

Market-driven systems are better than supply-driven systems because:– They allow for competition, which can lead to lower prices and better products– Companies in a market-driven system must innovate and improve their products to attract customers– They are more responsive to changes in consumer preferences Supply-driven systems are not as good Read more…

By riteshkapur, 1 yearDecember 12, 2023 ago

Inventory Management

Proactive Cash Flow: Elevate Your Business with Smart Inventory Management

What’re cash flow issues? – Inability to meet financial obligations– Difficulty paying bills– Insufficient funds for expansion– Lack of working capital– Inability to take advantage of new opportunities– Difficulty obtaining financing– High levels of debt– Insolvency– Poor creditworthiness– Inability to pay dividends to shareholders– Difficulty retaining employees– Reduced ability to Read more…

By riteshkapur, 1 yearDecember 9, 2023 ago

Inventory Management

Inventory Management: 5 Common Pitfalls to Avoid for Success

A lot of inventory management advice will set you up for failure. Here are 5 things you should ignore if you are getting started 𝗠𝗶𝘀𝗰𝗼𝗻𝗰𝗲𝗽𝘁𝗶𝗼𝗻 𝟭.Always maintain high levels of safety stock to avoid stockouts.𝗗𝗼 𝘁𝗵𝗶𝘀 𝗶𝗻𝘀𝘁𝗲𝗮𝗱:Safety stock is important.But maintaining high levels of it can actually lead to excess Read more…

By riteshkapur, 1 yearDecember 8, 2023 ago