As Covid-19 rumbles on, business leaders now have another challenge on their horizon: Chinese New Year supplier closures!

With global supply chains still battling against the disruption caused by Covid-19, businesses now face further upheaval as suppliers based in the Far East halt their production for the annual national holidays.

As China’s workforce sets upon one of the world’s largest human migrations, organisations across the rest of the world are left in the dark for weeks on end. With extensive lead times of up to several months, importing goods from China can be challenging at the best of times.

However, given that suppliers are still catching up with backorders and customer demand remains volatile, extra steps must be taken this year to prepare for what lies ahead.

A SIMPLE GUIDE TO EFFECTIVE SUPPLY CHAIN PLANNING

Retailers are always under pressure to improve their operational efficiency. However, with so many areas to focus on, where should supply chain teams prioritise their attention?

To help highlight the top areas to focus on, we have put together a retail inventory management infographic on how to ace your inventory strategy. Download below.

Download our retail inventory management PDF now!

Download today and discover where supply chain teams should prioritise their attention and forge in order to create a more profitable future for your business!

Excess stock reduction is both a major speed bump and something which causes headaches for management, finance and supply chain teams alike.

In the vast majority of organisations, regardless of the reasons that caused the excess stock, it is typically involuntary and unwanted. But what are the tell-tale signs that excess stock is putting the brakes on your business’ performance?

Through effective inventory management, businesses can reduce their inventory an average of 10-30%. But what does this improvement translate to in monetary terms? What costs are associated to yourinventory and how can they be avoided though embarking upon an effect inventory optimisation project?