Inventory management metrics to handle demand volatility
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Inventory management metrics to handle demand volatility

Due to the current health crisis some wholesalers are experiencing intense demand for certain products such as hand sanitizer, disinfectants, medical supplies, and personal protective equipment. As such, these companies are struggling to meet ongoing demand because of supply chain disruption. Yet wholesalers in industries such as fashion and homewares have an oversupply of goods because customers have paused operations. Maintaining the supply-demand balance is challenging for all at the moment. By putting inventory management metrics to work will help you be more flexible and keep your team focused on customers and suppliers who continue to trade.

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Topics: Industry - Wholesale Distribution, Job Role - Inventory/Operations

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Inventory management metrics to handle demand volatility

Due to the current health crisis some wholesalers are experiencing intense demand for certain products such as hand sanitizer, disinfectants, medical supplies, and personal protective equipment. As such, these companies are struggling to meet ongoing demand because of supply chain disruption. Yet wholesalers in industries such as fashion and homewares have an oversupply of goods because customers have paused operations. Maintaining the supply-demand balance is challenging for all at the moment. By putting inventory management metrics to work will help you be more flexible and keep your team focused on customers and suppliers who continue to trade.

Read more

Topics: Industry - Wholesale Distribution, Job Role - Inventory/Operations

Bunzl Safety relies on data analytics to satisfy intense demand for its protective products

Since the coronavirus outbreak in January 2020, Bunzl Safety has experienced unprecedented demand for its personal protective equipment (PPE) products. Having clear visibility into business performance has never been more important for the safety specialist. Bunzl uses business data analytics to get a 360-degree view of its operations so it can fulfil orders and look after its loyal customers.

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Topics: Case Study, Industry - Wholesale Distribution, data analytics

Apparel supplier quickly models scenarios using data analytics in a time of change

Gold Medal International (Gold Medal) is a premier apparel supplier to leading department stores and sporting goods retailers across the U.S. As COVID-19 has taken center stage around the world, the team leading the third-generation family-owned business has relied heavily on its reputation with retail customers and the industry to instill confidence in the future. Data analytics has helped it understand its situation and move fast.

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Topics: Business Intelligence Basics, Industry - Wholesale Distribution, Job Role - Executive, Industry - Retail, decision-making, data analytics

Ethical decision making during COVID-19: Team Medical Supplies

This Phocas blog highlights how one of our customers in wholesale distribution is coping with the new challenges of the COVID-19 crisis. The purpose is to outline specific issues, different strategies and to share knowledge. Team Medical Supplies is supporting its loyal customer base, who need its products more than ever to carry out essential health services during the crisis. Past purchasing data helps equitably distribute the highly sort after products and underpins the commitment to ethical decision making.

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Topics: Case Study, Business Intelligence Basics, Industry - Wholesale Distribution, decision-making, data analytics

Data analytics essentials for the COVID-19 crisis

The COVID-19 pandemic puts risk management and disruption strategies under the spotlight as companies experience limited supply and others are battling cashflow shortages. For businesses who move and sell products, inventory management can be a never-ending battle. During the shock of COVID-19, when supply and demand are volatile, managing stock presents further challenges. Strong visibility into your operations using data analytics principles can help manage inventory levels and keep cash flow steady.

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Topics: Business Intelligence Basics, Industry - Wholesale Distribution, Job Role - Executive, Industry - Retail, Job Role - Inventory/Operations, decision-making, data analytics

Phocas keen to grow after capital raisings

Business intelligence software company Phocas is almost two decades old, profitable and quickly approaching $50 million in revenue, but it believes a cash injection from OneVentures will help it more than double its revenue in the next three years.

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Topics: Industry - Manufacturing, Industry - Wholesale Distribution, Company Updates, Industry - Retail, data analytics, business intelligence software

Cross-selling know-how for front-line staff

Branches are the front lines of your business, leading the charge when it comes to customer touch points and building customer loyalty. Branch managers, their sales teams and support staff know your customers — many on a first name basis — and are the most qualified to recommend cross-selling opportunities to grow business. The best way to strengthen your front line is to give them access to the data that is relevant to their operations and customers, empowering them to cross-sell well.

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Topics: Industry - Wholesale Distribution, Job Role - Sales, Industry - Retail, cross-selling

Industries using business intelligence

Over the last decade, many industries have adopted business intelligence to help them lower costs, improve efficiency, spot trends, and take advantage of new opportunities. Companies who use business intelligence have found that they are better equipped to stay ahead of the competition. Without all the data, companies make critical choices based on intuition or whim. Whereas, business intelligence insights enable manufacturers, wholesalers, and retailers to form strategic decisions using accurate, timely and complete information.

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Topics: Industry - Manufacturing, Business Intelligence Basics, Industry - Wholesale Distribution, Strategy, Management and Performance, Industry - Retail, Job Role - Inventory/Operations

Seasonal stock control trends: Do you have your products ready?

seasonal-trends-do-you-have-your-products-ready

This time of year many businesses are dealing with seasonal demands and stock control. Seasonal trends come in many forms: increased sales of perfumes for the holidays, decreased sales in building products during the northern hemisphere winter, or increased sales of swimwear in the southern hemisphere summer.

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Topics: Industry - Wholesale Distribution, Industry - Retail, Job Role - Inventory/Operations

Stock Coverage: days cover calculation and other stock metrics

Anyone who manages inventory is familiar with stock coverage.The question is, how do you measure 'days cover calculation' and other useful inventory metrics.

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Topics: Industry - Wholesale Distribution, Job Role - Inventory/Operations

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