Inventory Management

Sales and Operations Planning- Part 2

According to a report by Deloitte, companies that implement integrated sales and operation processes (S&OP) are 67% more likely to forecast revenue growth accurately compared to those without such processes. (Deloitte 2023) In Part 1, we explored how Sales and Operation Planning acts as the linchpin between strategic sales and operational efficiency, fostering organizational harmony. Now, it's time to transition from theory to action. From overcoming challenges to embracing agile processes, we'll delve into real-world success stories and provide actionable tips...

Warehouse Tetris: Sales and Operations Planning

Heard of the game tetris? Sales and Operations Planning (S&OP) is just that- playing Tetris with your warehouse inventory.  Picture this: imagine each product as a Tetris block. Good S&OP planning strategically arrange these "blocks" not just for a snug fit but to anticipate future moves in the market.  The goal? To maximize efficiency and minimize gaps. Similar to tetris, Sales and Operation Planning is about finding balance. Professionals juggle inventory levels, production capacities, and market demands, resulting in a well-orchestrated and...

Enhancing Warehouse Efficiency with Barcode Implementation

The development of technologies in the digitalized era has developed rapidly. Entering the industrial revolution 4.0, all of our life aspects need a touch of technology (Istiqomah et al., 2020).  And technology isn’t an exception. Technology has sped up and simplified every task. One of those technologies that we currently use in the industrial revolution 4.0 within the logistics industry is Barcode implementation. As we know, supply chain management helps businesses gain competitive advantage in the market and warehouse logistics plays a...

The future of manufacturing in 2023 and beyond: Four trends shaping the industry

The manufacturing industry is a constantly evolving industry experiencing a profound transformation, driven by rapid technological advancements and shifting consumer demands.  As we step into 2023 and beyond, it becomes increasingly evident that the future of manufacturing is not a distant vision but a tangible reality. Industry leaders and innovators are embracing cutting-edge trends that are shaping the landscape and revolutionizing traditional processes. In today’s blog post, we dive into 4 major trends that are currently shaping its future and the...

In the manufacturing industry looking for a new inventory management system? Don’t skip this post.

Looking for a POS and warehouse inventory management system in the cloud that optimizes your business? Well you’re in the right place. Keep reading! Efficient inventory management is becoming even more critical as omnichannel awareness increases due to the COVID 19 pandemic. In the last edition of this blog topic, we discussed why NP Retail POS could be your next ideal POS software.  In this article, we highlight some of the most important things to pay attention to when you are...

3 mistakes to avoid when it comes to achieving supply chain excellence

Through 2024, 50% of supply chain organizations will invest in applications that support artificial intelligence and advanced analytics capabilities. The COVID-19 pandemic amplified the need for supply chain organizations to seek tools that help them make smarter decisions faster.  In the last supply chain blog post, we touched on business process management (BPM) and how BPM ensures competitive advantage with your supply chain to achieve business success. As a recap- the supply chain will be a key element to shape the...

The shocking reason why your supply chain is weak- Business Process Management

What would you say is the unsung hero of your business? Let us put it to you that it is the supply chain management process.  In today's demanding business environment that prioritizes flexibility, speed, quality, efficiency, effectiveness and innovation, a competitive supply chain strategy and its business process management is critical.  Even the legendary Elon Musk once famously echoed “The supply chain stuff is really tricky” (2017). So how then, do we begin to tackle this problem? In this article, we’ll dive...

What is the role of ERP in Supply Chain Management?

What do Sheng Shiong and Netflix have in common? They both have a strong and robust supply chain system. Sheng Shiong is a local supermarket chain well loved by Singaporeans. They have a strong and sophisticated supply chain system that is supported by their integrated retail distribution IT system (Enterprise SG 2015).   The same goes for Netflix. Netflix focuses on the digital supply chain, expanding into content creation and distribution at the center of the supply chain. Netflix also gathers data...