Modern business is gradually but inevitably being absorbed by the digital age. It is becoming risky to remain committed to archaic management tools, not only because of the loss of opportunities, but also because competitors are already taking full advantage of the benefits offered by global digitalisation. This idea also applies to the process of […]
In today’s BANI world, where everything is changing and competition is at peak levels, it is important to “stay ahead of the game”. However, this is not always an easy task. One of the key tools for achieving competitiveness and economic sustainability is the implementation of technology and software. The real challenge is how fully […]
Making art supplies might seem simple, but creating each drawing, palette, or brush involves a careful process that demands attention to detail and top-notch quality from the manufacturers. In the world of competitive creativity, this production is a key chain in delivering art to everyone around you, and the choice of high-quality materials is crucial […]
Shown 59 articles
11 Aug 2017
•Read 5 minutes
How to organize online warehouse management and what nuances should pay attention to Who uses the online warehouse management Is it necessary for you to manage warehouse online? How to choose WMS? The warehouse management system (WMS) evolution is like the evolution of other software solutions. Initially, it was the movement and storage of […]
14 Jul 2017
•Read 5 minutes
Article covers the supply chain management with the use of Theory of Constraints (TOC) approach. The TOC suggests to consider the supply chain as an integrated system and when making a decision on each level of the supply chain, one should focus on the global optimization, rather than on the local improvements, as it often happens. […]
14 Jul 2017
•Read 4 minutes
Currently, the effective inventory management at a trading company and ability to respond quickly to market changes are the decisive competitive advantages of both the major retail chains and the small “neighborhood” stores. Inventory in trading is the main capital, thanks to which the trading business exists actually. Procurement managers make hundreds or even thousands […]
14 Jul 2017
•Read 5 minutes
We offer you to look at the case regarding optimization of inventory management using the example of retail chain The main distinguishing feature of the leading companies is the continuous control of quality at all working stages. For the purposes of qualitative improvement of control over the inventory management system, company’s management team asked ABM […]
14 Jul 2017
•Read 5 minutes
Distribution of the inventory in the retail trade and distribution has the direct influence on a company’s profit. We would like to provide the real-world example here how an inefficient distribution of inventory brought losses to the company. And how optimization of the inventory distribution processes from the suppliers and inside the trading chain improved […]
26 May 2017
•Read 7 minutes
About the company Economic order quantity, delivery schedule, inventory level and other prerequisites Reasons of choosing the system to define the economic order quantity Economic order quantity, reducing the level of lost sales and other results of the project If your company deals with the small business, then it will be quite simple for you […]
26 May 2017
•Read 5 minutes
At first glance, assortment optimization in retail seems to be a background task, though it often hides the significant possibilities for growth of profits. Please find hereby a case of an international production company that optimized the management of its product assortment based on the Theory of Constraints. Preconditions Indian company Fleetguard Filters Pvt Ltd […]
26 May 2017
•Read 5 minutes
Formation and product assortment optimization in store are the processes that are closely related with company’s economic indicators. Surface assortment management can cause profits reduction and regular customer loss. Besides, if sales forecasting is a basis for assortment management, then the optimization cannot be driven by the actual customer demand . This certainly leads to […]
26 May 2017
•Read 5 minutes
Product assortment optimization becomes irreplaceable in view of modern trends of increasing the product versatility. There is a need to keep a bigger amount of different stock keeping units (SKU). Each separate stock unit requires a separate managing. However, the limitedness of money forces managers to design a single policy in order to manage all […]
26 May 2017
•Read 5 minutes
With the purpose of Inventory optimization Barvinok retail chain management team chose the expert team of ABM Cloud Company and the system of inventory management optimization called ABM Inventory. Barvinok retail chain opened its first store in 2001. Since the beginning of its activities, the Barvinok retail chain has been expanding its existence on market […]
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