Using Business Intelligence and Analytics to Combat Supply Chain Disruptions - Bar Code India

 

Over the past couple of years, the world has witnessed events that have disrupted several supply chains across the globe. The pandemic and current geopolitical turbulence have dealt a heavy blow to the global economy. While these are major events that have a global impact, however, most supply chain disruptions often stem from seemingly innocuous causes.

Anticipating and navigating disruptions is essential to the success of every business. Enhancing predictive capabilities is a must for creating or maintaining a strong supply chain, it can give business owners the required time to create a strategy that can help them sail through unfavorable situations.

Broadly, there are 3 major components to mitigating supply chain disruption: visibility, agility, and resilience.

Visibility across your supply chain can help you anticipate potential future disruptions as well as equip you with the data to build an effective response to such disruptions

Agility is the ability to gauge and act quickly against disruptions, to minimize the overall impact

Resilience is the ability to resist, absorb and recover from disruptions

The most efficient tools to preempt and stay afloat during a disruption are Business Intelligence and Analytics (BI & A). Read more....

Source Link:- ttps://www.barcodeindia.com/blog/using-business-intelligence-and-analytics-to-combat-supply-chain-disruptions/

3 Ways to Optimize E-commerce Supply Chain with Zebra Hardware - Bar Code India

 

E-commerce was born as a mere straightforward online channel for sales and purchases. However, customer expectations for E-commerce have significantly changed the E-commerce fulfilment and competitive landscape over the last few years.

The internet has interconnected billions of buyers and millions of sellers in a web of commerce. Online platforms today are crowded with sellers, and the competition is fierce. The movement of goods must be accurate and timely while also ensuring that the quality and condition of these goods are not compromised. The current scale of E-commerce transactions has made the supply chain more complex and an effective supply chain management system a necessity rather than a luxury to achieve performance excellence in all aspects of the order fulfilment journey.

Optimizing E-commerce Supply Chain Strategies

Here are a few simple tips for optimizing your E-commerce supply chain.

1. Real-Time Inventory Visibility

Real-Time visibility has never been more critical given the industry’s record-breaking pace of inventory arrivals and departures. Businesses need to know what inventory they have on hand and at what stage of the supply chain it is lying at. Read more.....

Source Link:- https://www.barcodeindia.com/blog/3-ways-to-optimize-e-commerce-supply-chain-with-zebra-hardware/

Ways Retailers Can Improve Inventory Management - Bar Code India

 

Good inventory management is key to the success of any retail business. Optimizing inventory levels according to demands, holiday seasons and downtimes requires an efficient strategy.

The balance between stocking just enough product to meet customer demands and overstocking is tricky, yet crucial in today’s scenario.

The retail industry has come a long way in the past few decades. Thanks to the hyper leaps in technology, today there are a bunch of excellent inventory management tools available in the market.

In this article, let us go over some tools which smart retailers are leveraging today to effectively manage their inventory.

1. Inventory Management Software
Retailers can benefit from investing in and implementing an efficient inventory management software to keep track of their inventory levels. The inventory management software can provide real-time updates about the inventory level, thereby, empowering business owners to make quick and informed decisions for replenishment and ensuring that consumer demands are met at all times. Read more...

Source Link:- https://www.barcodeindia.com/blog/ways-retailers-can-improve-inventory-management/