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FIFO vs LIFO in Inventory: Key Differences

The first in, first out method (FIFO) and last in, first out method (LIFO) are the two standard inventory valuation types. Each offers unique benefits, depending on your business model,...

04/15/20246 min read

Warehouse Slotting: What It is, Strategies and Best Practices

Good warehouse slotting is a vital yet understated part of many businesses. With carefully planned organization, you can cut down on the time workers spend finding items and getting them...

04/08/20247 min read

Demand Planning vs Forecasting: How Are They Different?

The terms ‘demand planning” and “demand forecasting” are often used interchangeably in the supply chain world. You might be one of those people who has used one term when referring...

03/25/20246 min read

How To Build a Supply Chain Ecosystem

Supply chains today are more complex than ever before, which means that supply chain disruptions can have ripple effects felt around the world. While things have settled down from pandemic-induced...

03/18/20246 min read

The Importance of Customer Service in Supply Chain Management

Supply chain management (SCM) is about more than just making sure there’s a regular flow of materials and product availability. Without a strong focus on customer service in supply chain...

03/11/20246 min read

Understanding the 6 Steps in the Strategic Sourcing Process

Strategic sourcing is a holistic method of managing the acquisition of goods and services in the upstream supply chain. The aim is to facilitate strong supplier relationships, streamline the procurement process,...

03/04/20246 min read

Efficient vs Responsive Supply Chain Explained

In supply chain management, there exist two main competing goals—operational adaptability and cost minimization. On one hand, adaptability refers to the capacity of your supply chain to swiftly adjust to...

02/26/20246 min read

7 Supply Chain Security Best Practices

The interconnected and interdependent nature of modern supply chains poses a huge risk to the businesses involved. This is because malicious actors can now disrupt and paralyze hundreds of businesses...

02/19/20246 min read

Inventory Management for Small Businesses: An Expert’s Guide

Many small businesses struggle to keep up with orders, especially during the initial stages of growth. With limited resources and haphazard orders, inventory management for small businesses can be challenging...

02/12/20246 min read

How To Create a Successful Order Fulfillment Strategy

Customer satisfaction plays a huge role in business success today, so much so that studies indicate businesses emphasizing this aspect of the consumer experience benefit from revenue growth of between four...

02/05/20246 min read

What Are Lane Assignments? | Their Role in Manufacturing

Many processes occur within a supply chain — procurement, manufacturing, warehouse management, and order processing. Without order, supply chains would be full of chaos. Picture a busy manufacturing plant lacking...

01/22/20246 min read

How Blockchain Is Used To Drive Supply Chain Transparency

With so many processes and businesses involved in just one supply chain, maintaining transparency can sometimes become a challenge. But, what exactly is supply chain transparency and why is it...

6 min read