Archive for August, 2010
Managing Your Inventory Through Status, Communication, and Age
Inventory is the largest balance sheet asset in your business: If your margin is 50%, that means your cost of goods is 50%. In other words, 50% of your net sales are spent on inventory and inbound freight. So why aren’t merchants more aggressive in dealing with inventory? In particular, marketers need to do more [...]
Order Management System Project Mistakes – Requirements and Vendors
This post is #3 and #4 in the continuing blog post series of mistakes that we have seen clients make before or after we are “on scene” to assist them with their order management, warehouse management, or inventory management systems projects. 3 of 12. Failure to develop detail business requirements Develop requirements document into Request For Proposal [...]
Four Critical Areas to Evaluate in a Warehouse Assessment
There are four key areas that should be evaluated during a warehouse assessment. They make up the most critical aspects of any fulfillment operation. They are: Labor Facilities Workflow and procedures Systems Labor is incontestably the most expensive area on your profit and loss statement relating to fulfillment, so it’s important to get the most [...]
