All posts by iForce

Five Measurable KPIs for Perfect Supply Chain Management

There is no standard definition of what constitutes as perfect supply chain management. The industry, the types of goods being handled and the scope of operation shall determine the attributes of perfection. What can be standardized are five key performance indicators that should serve as a foundation to assess if a supply chain management strategy is working well. These five key performance indicators are measurable, hence assessable and improvable. Continue reading Five Measurable KPIs for Perfect Supply Chain Management

Address the Common Challenges of Stock Clearance

Stock clearance is inevitable when you have some substantial inventory lying around with little or no hope of being able to dispose it off in a manner that can at least ensure a break even if not generating measly profit. Stock clearance has many challenges, most of which are rather common. Every retailer and even manufacturers have to deal with these challenges for successful transition from old stocks to new inventory. Let us address some of these common challenges. Continue reading Address the Common Challenges of Stock Clearance

Address the Common Challenges of Stock Clearance

Stock clearance is inevitable when you have some substantial inventory lying around with little or no hope of being able to dispose it off in a manner that can at least ensure a break even if not generating measly profit. Stock clearance has many challenges, most of which are rather common. Every retailer and even manufacturers have to deal with these challenges for successful transition from old stocks to new inventory. Let us address some of these common challenges. Continue reading Address the Common Challenges of Stock Clearance

How to Improve Product Returns Management

There are ways to avert increasing product returns. For now let us accept there will be some product returns and the need of the hour is to manage the entire process more efficiently and effectively. There are standard and ingenious ways to improve product returns management. In here we shall take a few standard best practices and blend them with some smart ways to improve your product returns management strategy. Continue reading How to Improve Product Returns Management

Should the Entire Supply Chain Management Strategy be Proactive?

Supply chain management can have a linear or nonlinear operation. If it is linear, the processes are somewhat simpler and straightforward but there are many challenges that should be deftly dealt with. If the process has to be nonlinear, then there can be some daunting complications. A nonlinear supply chain does not necessarily mean there would be any back and forth process. The vendors may attend to their independent roles and contribute in a particular way at different stages of procurement, manufacturing, supply, fulfilment or delivery. It is quite possible for a nonlinear supply chain management strategy to factor in back and forth exercises if there is a need for a supplier or vendor to chip in after delivering on its promises if its role is incomplete and has to follow up after another party has done its bit. Continue reading Should the Entire Supply Chain Management Strategy be Proactive?

What is Order Fulfilment?

Order fulfilment is the entire system of receiving orders, processing them and delivering the goods to the consumers. Order fulfilment has witnessed a boom courtesy the growth of ecommerce, but it was a widespread practice in traditional retail. There are differences though as ecommerce order fulfilment is more dynamic and challenging. Order fulfilment is often outsourced by a seller or company to a third party that specialises in the various steps. There can be any number of steps in order fulfilment depending on the needs of the seller and the type of goods being handled. Continue reading What is Order Fulfilment?

The Significance of Customised Warehouse Management Solutions

There are standard warehouse management solutions and customised systems. You may choose the former or latter depending on your preference, how you intend to manage your operations and the problems that you may have right now that must be resolved to enhance efficiency. Your business will naturally demand a certain system. Warehouse management has several best practices and you should always endorse them. These best practices are industry specific but they are not business specific. The exact size or type of business, how it tweaks the typical modus operandi and the expertise of the staff along with the infrastructural resources available are not factored into the best practices. Hence, you would find little improvement by incorporating industry standards without customising them in the right context. Continue reading The Significance of Customised Warehouse Management Solutions

Establish Uniformity throughout your Fulfilment Channel

A company that sells its products or services through its official website will have only one eCommerce platform and it may outsource order fulfilment to one center or provider. This leads to only one fulfilment channel for the company and all its products or services. The moment a company makes its presence felt on a global marketplace or third party eCommerce platform, there is more than one fulfilment channel. While there may still be only one order fulfilment center or provider at the backend, there is a multichannel outreach, which is more relevant and visible to the target audience. There are some inherent issues in having more than one fulfilment channel and you should address them before they start to adversely affect your business. Continue reading Establish Uniformity throughout your Fulfilment Channel

Is It Time To Upgrade Your Warehouse Inventory Management System?

There are times when companies experience telltale problems with their warehouse inventory management system. One such obvious instance is when your warehouse inventory management system is unreliable or unstable, there are technical problems, maintenance issues, lack of timely support, poor documentation and simply inefficient operations that have no place in the present day and context. Systemic issues are always hard to address, especially when the symptoms of problems are subtle and not as obvious as some outdated or obsolete software. You will need to upgrade your warehouse inventory management system from time to time. Here are some red flags that should propel you to choose a major overhaul or to completely switch to another system. Continue reading Is It Time To Upgrade Your Warehouse Inventory Management System?

Carriage Management is as much about Technology as it is about Logistics

There has been a sea change in carriage management in the last twenty years. The advent and subsequent phenomenal popularity of eCommerce has transformed logistics like never before. Today, carriage management is as much about technology as it is about logistics, such as the physical infrastructure including warehousing, specialised services such as inventory management or order fulfilment and definitely the fleet of vehicles. Logistics has always relied on various technologies to remain relevant and efficient. Very little is left to chance and everything is planned extensively. Carriage management is no longer just about logistics. You could have the best warehousing practices and the most reliable order fulfilment centres, yet fail to live up to the expectations of the consumers. Continue reading Carriage Management is as much about Technology as it is about Logistics