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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
Stock replenishment is an important aspect of inventory management, as it ensures the right stock items are being reordered to meet customer demand. Stock (or inventory) replenishment is the process of moving items along the supply chain so they are ready to be picked and shipped, thus fulfilling orders on...Read more
Many organizations have an enterprise resource planning (ERP) system to collect, store, manage and interpret data from a host of different businesses processes. ERP systems typically allow companies to undertake tasks such as purchasing, production planning, service delivery and customer management – all from one single platform. When it comes...Read more
Fact: not every product in your warehouse sells at the same pace throughout the year. Some will experience peaks and troughs in their sales due to the coming and going of seasons and months. While you may think this is an obvious statement, many businesses still struggle to forecast for...Read more