Do NOT confuse high stock with good availability. https://lnkd.in/gNf63r6u Relying on forecasts to measure supply chain efficiency leads to problems. Many organizations focus on delivering a specific number of inventory.This is based on a pre-defined plan.They call it an “efficient” supply chain if they can stick to the plan. But Read more…
In a store, the place where you pay for your things is very important.It should be fast and easy.But sometimes, people do other things that make it slow. For example, imagine if someone spends a lot of time organizing the things on the shelves instead of helping you pay quickly.It Read more…
Only PULL-based replenishments can also be reasons for sale loss. There are times when you need to stock higher than immediate consumption. https://lnkd.in/gJJMcjfb You NEED to build stock AHEAD for – Seasonal demand– Cyclic Demand– Demand to meet a known increase in sale Common criteria:1. Demand events are certain2. Supply Read more…
Each node optimising for itself does NOT mean that the entire chain will get the best results. In fact, the OPPOSITE is true. Local Optima DOES NOT mean a Global Optima. Learning to whom to subordinate is half the battle won. #learning #subordinate #lessismore https://lnkd.in/gdxShFM8 Buyers buy to optimise– purchasing Read more…
Do NOT confuse high stock with good availability. In reality: More inventory = Worse delivery on time Self-Inflicted Obsolete Stock: 1. Promotion items without telling the planner.Sale increases due to promotion.Planner orders more. By the time stock comes, promotions have ended and sales are low. 2. Order lots of New Read more…
Do NOT confuse high stock with good availability. In reality: More inventory = Worse delivery on time ๐ Why Lots of Stock Doesn’t Mean Easy Availability โก๏ธ While more stock seems to improve availability at the item level.Experience shows that businesses with the highest stock often have the worst overall Read more…
If you are in retail, please do this today! If you require help, or something is not clear, please DM me. I can even run this meeting for you! But, please do this. Building Alignment is the most important step. If you are in Retail, just do this to significantly Read more…
๐ Back from an Incredible European Adventure! ๐บ๏ธ Hello, LinkedIn fam!I’m back from an absolutely amazing three-week vacation in Europe! ๐โ๏ธ My family and I had the pleasure of exploring three incredible countries: the Netherlands, Belgium, and the enchanting city of love, Paris! ๐ณ๐ฑ ๐ง๐ช ๐ซ๐ท This vacation has been Read more…
Many companies have their own in-house inventory management system.There are some ready-made solutions in the market: 1. ๐๐น๐ผ๐๐ฑ-๐ฏ๐ฎ๐๐ฒ๐ฑ inventory management systems: Web-based systems like TradeGecko, SkuVault, Zoho Inventory, Odoo and Brightpearl. 2. ๐ข๐ป-๐ฝ๐ฟ๐ฒ๐บ๐ถ๐๐ฒ inventory management systems: Programs that are installed on a business’s own servers and can be accessed only Read more…
Moving from a centralized inventory system to a decentralized inventory system is aimed atโข improving supply chain efficiency,โข reducing transportation costs, andโข improving customer satisfaction levels. Till 2015 Flipkart had a single warehouse located in Bangalore. ๐๐ฑ๐๐ฎ๐ป๐๐ฎ๐ด๐ฒ๐ of moving to a decentralized inventory system: 1. ๐๐ฎ๐๐๐ฒ๐ฟ ๐ฑ๐ฒ๐น๐ถ๐๐ฒ๐ฟ๐: Helped improve its Read more…