How Microsoft 365 Defender Can Shield Your Company from Phishing Scams
Learn how Microsoft 365 Defender safeguards organisations from phishing scams with enterprise-grade security tools to combat threats, including built-in malware and a firewall.
Learn how Microsoft 365 Defender safeguards organisations from phishing scams with enterprise-grade security tools to combat threats, including built-in malware and a firewall.
FUJIFILM MicroChannel recognised as the leading SAP Business One Partner across Australia and New Zealand.
Consolidating inventory in a large warehouse reduces costs by decreasing duplication of labor, management, and equipment. A larger purchase from suppliers leads to better bulk deals and fewer, larger shipments. Fewer warehouses require less inventory due to less safety stock, as each warehouse must handle its own local demand variability.
If your sales are dropping or won't increase no matter how much marketing you do, don't automatically assume that demand is weak or that your e-commerce website needs a complete overhaul. Your problem could be poor customer satisfaction.
Meet Jennifer, CFO of a large organisation with multiple branches and multiple cost centres. Jennifer's organisation struggled to manage costs across the business. The CEO and department heads have limited real-time visibility on committed costs within each of their respective cost centres or divisions. In this post of the Real Life CFO Challenges series, we'll dive into Jennifer's challenges and uncover how she improved the transparency of her business's cost centres.
Inventories exist because its items must be on hand to perform a process such as fulfilling customer orders or manufacturing a batch of products. One way to gain a better appreciation for why inventory is such a necessity to businesses everywhere, is to examine its different uses.
Dead stock is inventory that hasn't moved in at least a year. Dead stock is locked up money that isn't contributing to the growth of your business. It uses up warehouse space that could otherwise be used for fast-moving products. If your warehouse has no extra capacity, then responding to an upsurge in demand for a popular product will require renting or buying additional warehouse space which might not have been necessary if you weren't saddled with your dead stock.
Accuracy in your picking and packing operation is important because mistakes lead to customer dissatisfaction and an expensive reverse logistics problem. Picking and packing is labour intensive work where the pressure for fast performance combined with its repetitive nature causes mistakes. Therefore, taking measures to improve accuracy should be a top priority. Here are five tips for reducing your picking and packing error rate.
When your customer base grows well beyond your local region, the question of opening more warehouses to provide better coverage arises. However, before committing to this course of action, you should understand the inventory management benefits you will forego by not keeping your inventory centralised in one warehouse. These advantages are explained next.