ABC, ERP, EOQ, JIT… acronyms are everywhere in inventory and supply chain management – including MOQ. So what does MOQ mean? MOQ means minimum order quantity. A minimum order quantity is the lowest amount a supplier will accept for an order, which can be units, value or weight. MOQs...Read more
Black Friday – November 25th this year – is one of the year’s biggest shopping days when physical stores and eCommerce tempt shoppers with their offers. For the past ten years, Black Friday has seen sales increase annually and is one of the most important sales occasions of the year....Read more
When the cost of raw materials and finished goods starts to soar, it’s critical for wholesalers and distributors to control their operational costs to remain competitive and achieve decent profit margins. This is where supply chain digitalization projects can help to automate simple processes, improve efficiency and save money. There...Read more
As global supply chains become more complex, disruption in one link in the chain can significantly impact other areas. Having systems and processes in place to reduce the possibility and subsequent impact of supply chain issues is extremely important. Advancing technologies, such as artificial intelligence and machine learning, make connectivity...Read more
Put simply, supply chain optimization means using technology to get inventory to the right place at the right time – at the lowest cost and highest profit for your business. Supply chain optimization can be explained as aiming to minimize operating costs and streamline processes throughout the supply chain to...Read more
A supply chain strategy explains how a company will bring goods into the business and get them out to customers as effectively as possible. Considering every phase in the supply chain, such as sourcing goods, logistics and delivery, the strategy optimizes operations to reduce costs and maximize profits. Supply chain...Read more