Since the Coronavirus pandemic has hit China’s manufacturing hub, as a retailer there’s already a good chance that you are already feeling the effects of the production standstill. And unfortunately for all retailers, with China being the largest export market worldwide, the ability to source products will become increasingly difficult, no matter your location. As […]
You probably have one or more warehouses to run, but with the new coronavirus outbreak, what do you do? How do you manage your workers? The basics The most important thing to do is listen to your workers. Ask them what they need. Be sure to provide them with all the essential items and protection […]
How to Maximize Warehouse Space Utilization Business is booming, you’re getting a lot of sales, inventory moves quickly, but you’re running out of space in warehouse. What should you do next? As previously discussed, the best way to fix this issue would be to rent/get another warehouse. But that can be too expensive sometimes, or […]
Demand forecasting plays a critical role in every business when it comes to inventory management. It has one simple objective: to ensure you hold the correct amount of stock to maximize sales potential and profit. What is demand forecasting? Demand forecasting is the result of an analysis to determine what demand a certain item will […]
A common definition for inventory replenishment is “filling again by supplying what has been used up”- or in other words, inventory replenishment refers to the process of inventory movement from reserve warehouses to primary storage – then onto picking locations. Stock replenishment can often be used for both ready to use commodities and raw materials […]
With today’s fast pace retail, warehouse management is becoming more and more challenging. Without sufficient insight into inventory, supply chain, and processes, stores might lose sales due to missing items in the warehouse. The lack of information affects the overall customer experience – if a customer wishes to buy a product of a certain size […]