ABC inventory analysis is a method used to classify a business’s stock items into three categories – A, B and C, based on their value to the business. A items are the most important in terms of the value they bring a company, while C items are the least valuable....Read more

The concept of inventory optimization helps many businesses improve their inventory turnover – without damaging stock availability. This post will explain how, but first, let’s deal with a few simple definitions. Many stock-holding businesses have a significant amount of working capital invested in inventory sitting in their warehouse. The quicker...Read more

eCommerce is a rapidly growing phenomenon across the globe. Statista projects that eCommerce sales will surpass $740 billion in the US by 2023. But it’s not just the B2C sector experiencing rapid growth. B2B ecommerce sales have also accelerated; Forrester projects that 17% of all eCommerce sales in the US...Read more

The growth of eCommerce in 2020 was phenomenal as more customers, B2B and B2C alike, shopped online due to the COVID-19 pandemic. In Q3 of 2020 Amazon reported sales up 37% year-on-year, with eBay close behind at 25%. Forrester projects that B2B eCommerce transactions will reach $1.8 trillion by 2023,...Read more

Inventory management is crucial to ensuring businesses have agile and efficient supply chain operations. However, having control over every inventory item often ends up being a time-consuming and frustrating endeavor for most inventory teams, as they rarely have the right tools in place to get the job done well. This...Read more

You already know the biggest supply chain disruption of 2020: the COVID-19 pandemic. Despite increasing vaccine approval, the pandemic is far from over. A vaccine won’t magically eradicate the coronavirus; instead, it will take the vaccine coupled with additional widespread safety measures to usher in a ‘new normal’ – optimistically,...Read more