News & Trends
OUR BLOGS AND ARTICLES HAVE BEEN DEDICATED TO THE CONCEPT OF SHARING NEW INFORMATION ON OUR PRODUCT, THE INDUSTRY, AND GENERAL OBSERVATIONS ON INVENTORY MANAGEMENT OVER THE YEARS.
THERE ARE A LOT OF UNIQUE IDEAS IN HERE. PLEASE ENJOY.
There are a few axioms of a tech services business with which everyone is familiar. One of the most critical being: If you make a promise to a customer, you need to meet it. If you don’t make promises, you may not have customers. A measurement that is commonly used here is OTIF. OTIF stands for On Time, In Full. How often do you service your customers on time and in full? If you must make multiple trips over the course of days or weeks, it drives down this measurement.
Big Data for Big Inventory
In the world of inventory, a trend has emerged causing executives and supply chain operations to redesign process and operations. This trend is the use of big data to feed into AI and machine learning.
Warehouse management is typically tedious and stressful work. However, it is an aspect of business management that plays a crucial role in the delivery and manufacture of products. Inefficient management of your inventory can waste company dollars through labor costs and even cause delays which can decrease customer satisfaction. Ultimately, warehouse management is something that should be prioritized in running businesses.
Thankfully, technological advancements have made warehouse inventory easier. Some practices are commonly used by businesses for efficient warehouse management. As the market grows, the importance of warehouse management has never been more important. Here are some popular practices in warehouse management: