Supply chains inherently face levels of uncertainty. Meeting revenue targets, satisfying customers, and containing costs rely on companies being able to minimize that uncertainty and solve problems quickly and effectively.
Labor challenges. Getting orders out the door on time. As a logistics manager, you know it’s tough enough to deal with those firestorms, let alone find time to focus on warehouse productivity. What can you do to even out that struggle?
Manufacturers and retailers often source materials, components or finished products from low-cost countries to improve cost-competitiveness, despite the greater risk of trade wars and other disruptions in extended, global supply chains.
It’s usually because many people don’t know the difference between inventory fulfillment in an Enterprise Resource Planning (ERP) and a dedicated, modern warehouse management software system (WMS). These two systems go head-to-head in this guide from Deposco.
Keeping excess inventory as a safety strategy is a losing proposition for companies. It doesn’t work because companies often hold inventory that’s not usable or is obsolete, representing a dead loss, sometimes on the order of tens of millions of dollars a year, to the company.