inventory management

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, ago

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.ย 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, ago

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, ago

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, ago

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, ago

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 ๐— ๐—ถ๐˜€๐—ฐ๐—ผ๐—ป๐—ฐ๐—ฒ๐—ฝ๐˜๐—ถ๐—ผ๐—ป ๐Ÿญ.Always maintain high levels of safety stock to avoid stockouts.๐——๐—ผ ๐˜๐—ต๐—ถ๐˜€ ๐—ถ๐—ป๐˜€๐˜๐—ฒ๐—ฎ๐—ฑ:Safety stock is important.But maintaining high levels of it can actually lead to excess Read more…

By riteshkapur, ago