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In some of our recent blog posts we’ve looked at the disadvantages of carrying excess inventory and how to reduce excess inventory. Below we’re going to investigate why businesses end up with too much stock in the first place and why they get caught out by excess inventory traps. But...Read more
Excess inventory is when a business carries more stock than they need to meet their forecasted demand. This can cause a wealth of operational challenges and financial constraints. In this blog post we will look at the most problematic. But before we do, lets clear up a few myths: Myth one:...Read more
Enterprise Resource Planning (ERP) platforms are a big investment for any organisation. They also take a lot of time and resources to design, specify and implement. But once they’re up and running, there’s no doubt they offer a wealth of benefits, including streamlined processes, improved productivity, centralised data and better...Read more
The ecommerce industry is booming! But when people think of ecommerce selling, they tend to just think about the B2C sector. They forget that ecommerce is not just for B2C businesses. In fact, Businesswire reports that by 2020, B2B ecommerce sales are predicted to be more than two times higher than...Read more
A bill of materials, as known as BOM or Bill of Material, is similar to a recipe in that it contains a list of components required to build a certain product. It also details the process of building assemblies and sub-assemblies towards the completion of the product. Furthermore, it describes...Read more