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Supply Chain Management

What Your Business Can Learn From Etsy

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As 2017 begins in earnest, one of the most intriguing companies to watch is Etsy, the peer-to-peer ecommerce platform that specializes in unique crafts. Now in its 11th year, Etsy’s growth has the business world talking—and other companies, big or small, should take note of their 2017 strategy, which looks to expand on what’s already made them successful. In a ... Read More »

Increase Profit with Inventory Management Software

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Do you know the real price of low inventory turnover? If not, you should. Inventory levels predict sales and earnings, which is a critical consideration for companies and their investors. That’s why it’s important to correctly manage your stock levels. When companies do not, they usually end up with extra inventory, which leads to roadblocks that prevent financial success. According ... Read More »

Inventory Control: The First Step in Supply Chain Management

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The supply chain for any business involves everything from securing materials from a supplier to transporting a finished product to the customer. Most business owners aren’t involved in the day-to-day operations of their suppliers and transporters. To maintain efficiency throughout the supply chain process, businesses should first focus on inventory control. Inventory is the raw materials, work-in-progress goods and finished ... Read More »

Supply Chain Logistics: How They Keep the Lights on in Las Vegas

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Every year, more than 40 million people visit Las Vegas. Year-round hotel occupancy averages over 85 percent, and statewide gaming revenues exceeded $11 billion in 2014, according to the Gaming Control Board. With such a tremendous influx of tourists, how does the City of Lights keep everything powered on and flowing? Las Vegas Lighting Logistics One typical Las Vegas casino, ... Read More »

The 15 Supply Chain Metrics that Make or Break Warehouse Efficiency

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Maintaining an efficient warehouse means understanding the importance of your company’s supply chain – the sequence of processes involved in turning a customer’s order into a delivered product, from the procurement of raw materials to shipping and handling. Companies that are successfully doing this know that managing their supply chain and finding inefficiencies and opportunities for optimization is critical to ... Read More »

4 Best Inventory Metrics for Growing Businesses

Four Best Inventory Metrics for Growing Businesses | System ID

Key performance indicators (KPI) demonstrate how well businesses are performing. But it’s not always easy for some companies to measure their KPIs—especially small business owners whose primary focus is on building products.  While great at providing what their customers need, many simply don’t know how to take their companies to the next level. To remain competitive, business owners, IT departments, ... Read More »

Why Are My Inventory Audits Always Incorrect?

Why Are My Inventory Audits Always Incorrect?

Sound familiar? After finally getting around to their annual inventory audits, some businesses uncover major inaccuracies and are puzzled as to their cause. Conducting routine inventory audits using the right inventory management system ensures that items on a balance sheet actually exist and are owned by a company. They also evaluate the condition of the inventory, noting items that are ... Read More »

Manufacturers Want 3rd Party Logistics Partners, Not Suppliers

Like many service providers, 3rd party logistics providers (3PLs) face massive changes if they want to compete in the global marketplace. Manufacturers’ needs are changing as technologies, industries, and devices converge. Instead of fragmented services, supply chain companies require integrated solutions that support their business models. This shift is gaining traction as 3PLs expand across geographic regions and target new ... Read More »

Big Data Challenges Wireless Networks, CIOs

Big Data Challenges Wireless Networks, CIOs | System ID

Big data is moving in with adoption of the Internet of Things (IoT) solutions. And with it comes big challenges for wireless networks and CIOs who must securely manage the influx of information. In their NI Trend Watch 2015 report, National Instruments (NI) summarizes the situation by saying, “The idea of a smarter world where systems with sensors and local ... Read More »