Archive for August 2019
The Risks of Poor Inventory Accuracy and Order Fulfillment
How often does your organization think about inventory accuracy and its impact on order fulfillment? The best-laid plans for an omnichannel supply chain will falter without accurate inventory. Meanwhile, your order fulfillment processes may be subpar, relying on outdated methods, numerous touchpoints, and more, says the Houston Chronicle. Supply chain leaders should consider how the…
Read MoreSupply Chain Visibility Technologies: What’s Driving Retailers to Implement More?
Supply chain management has evolved, and the underlying technologies used by supply chain leaders have transformed the way supply chains operate. An entire array of supply chain visibility technologies, ranging from the Internet of Things (IoT) to big data analytics, empower supply chain leaders to make informed decisions. Gains within supply chain visibility have a…
Read MoreBest Practices & Tips to Maximize Warehouse Space
Your warehouse is everything, and according to recent reports, available warehouse space is on the decline in the US. As companies have expanded to meet the demands of omnichannel consumers, warehouse space has become a commodity which comes at a premium. Depending on your area, it may not even be possible to build new warehouses,…
Read MoreWhy Omnichannel Supply Chain Success Depends on Inventory Optimization
All businesses want to achieve success, but omnichannel supply chain success requires a comprehensive level of oversight and control in your operation. Omnichannel orders may come from anywhere, so significant risks exist. However, inventory optimization can solve these challenges. What’s Wrong With Current Inventory Optimization Processes? Apart from organizations that have recently invested and implemented…
Read MoreTips to Reduce Safety Stock With Data and a WMS
Safety stock concerns continue to plague omnichannel supply chains. Omnichannel brought an influx of customers to businesses and led to an increase of products and SKUs shipped in multiple modes, in a myriad of ways. The basic supply chain model has evolved, and in response, supply chain leaders have increased the level of safety stock…
Read MoreVeridian Named a Top 100 Great Supply Chain Partner
SupplyChainBrain publishes an annual list of “100 Great Supply Chain Partners,” and Veridian was chosen among the top vendors for 2019. Receiving this recognition demonstrates the value of great service and skill of software vendors. As a supply chain systems integrator, Veridian works across numerous supply chains and values real-world benefits. Veridian achieved this value…
Read More11 Tips on How to Select a WMS
The use of a warehouse management system (WMS) offers critical benefits to retailers and supply chains. These benefits range from efficient and effective labor management to minimized paperwork. At the same time, the cost to implement a WMS is lower than ever, says Brian Barry of Multichannel Merchant. However, not all WMS platforms and vendors…
Read MoreLeading Challenges in Inventory Visibility and How to Solve Them
Supply chain leaders and managers have a mountain of responsibilities and oversee vast enterprises. Timeliness, speed, and order accuracy are some of the most in-demand aspects of today’s omnichannel world, but significant challenges still exist with inventory visibility. Failure to overcome these challenges will lead to additional problems throughout the supply chain, resulting in poor…
Read MoreWhat Omnichannel Supply Chain Analytics Should I Know?
In the omnichannel world, supply chain leaders need to understand every process and activity. Unfortunately, omnichannel also means more data in every aspect of your operation. Omnichannel supply chain analytics provide the level of insight needed to succeed in the omnichannel-driven world. Supply chain leaders need to understand the challenges of applying omnichannel analytics, how…
Read More