As we all know, inventory management consists of many moving and complex parts. Having an inventory management system is important so that you can keep track of what comes in and out of your warehouse. But, what happens if your business is growing and your old system isn’t cutting it? Do you create a new … Read moreCreating an Inventory Management System That Works For You
A third-party logistics (3PL) provider can be a real lifesaver for businesses. These companies deal with all aspects of procurement, distribution and transportation so that businesses can focus on their products or services without getting bogged down by other details. 3PLs can help to streamline sourcing and manufacturing, or procurement. They might be tasked with … Read moreA Third-Party Logistics Provider Is a Valuable Aid to Small Businesses
Getting inventory management just right is essential for keeping your small business competitive. Having enough items in stock to satisfy demand helps you boost sales, but inventory can also take up a lot of space. It can also get lost, stolen, or even spoil, depending on the product in question, so it’s essential to keep … Read moreInventory Management Can Make or Break a Small Business
When companies sell goods to customers, a supply chain is involved that impacts all aspects of the business. Many people believe that supply chain management is nothing more than supplier management. While this is indeed a big part of the job, there is actually a lot more to it than that. Supplier management entails negotiating … Read moreWhat Elements Make up Supply Chain Management?