inAble’s Post

Strategic pivots, global expansion, increasing customer lifetime value and supply chain optimization are all ways to unlock growth in your business. Understanding the root cause of your customer's problems is also vital to scaling your business. We dove deep into these topics and more at Fulfilled 2024 hosted by ShipBob in Las Vegas earlier this week! https://lnkd.in/g-AXYBCp #businessgrowth #supplychainoptimization #COOinaction

In the end, all forms of omni consumer behavior create the need for operational excellence in two key areas: first, a much more sophisticated demand forecasting and inventory deployment strategy, and secondly, the ability to monitor the health of every unit of inventory in the network at or near real time, and to continuously adapt the decision making of the order fulfillment algorithm accordingly.

Well put, Ty Morgan. Going viral with a product and catching lighting in a bottle aren't easily repeatable achievements. Can you think of a car that went viral and then dropped off drastically? People make jokes about the Chrysler PT Cruiser now but tend to forget how massively popular they were. They went viral in a time where the internet was less accessable and social media was in its infancy. Production lagged behind demand and then exceeded demand as things changed. Most businesses are not prepared for a demand spike on the scale of a full social media adoption. That's not the real concern though. It's what happens when things slow down or normalize. Any site that ramps capacity to meet demand will often over spend and invest more than their future orders will dictate. They then are left holding the bag down the road. Plan for future growth but focus on levels and options that enable operations to remain flexible, regardless of what the future holds. #warehousing #manfucturing #viral #automotive

Let’s face it: When it comes to returns, nobody wins. 🙅 Neither retailers, who have spent time and resources in fulfilling the order Nor the customer, who is stuck with a product they do not want anymore. And further, more effort goes into checking if it can still be restocked. Clearly, each reattempted delivery significantly adds to logistics costs . 📈 While returns are unavoidable, they can be minimized. What about those returns that are inevitable? They can be a chance to prove your consistency in customer experiences. In our latest whitepaper, we explain how businesses can transform challenges associated with #Returns into strategic opportunities! (Link in the comments if you’d like to learn more!) 👇 #Logistics #SupplyChain #Retail #Retailers #Retailing #Delivery  #Technology #Innovation 

Embracing the Omni-Channel Revolution in Supply Chain Management In today's dynamic business landscape, supply chain management has evolved to cater to the ever-changing needs of consumers. One key transformation is the rise of omni-channel logistics, where customers expect a seamless experience across various platforms. Omni-channel isn't just a buzzword; it's a strategy that's revolutionizing how businesses meet customer demands. From traditional brick-and-mortar stores to e-commerce platforms, customers expect a consistent experience. Companies are now implementing advanced technologies and robust supply chain systems to ensure product availability, delivery speed, and order accuracy. This omni-channel revolution is reshaping supply chains, and it's not limited to retail. It's also impacting industries such as healthcare, manufacturing, and more. The ability to provide flexibility and personalized experiences to customers is now a crucial aspect of supply chain management. To succeed in this new era of omni-channel logistics, businesses must adapt, invest in innovative technologies, and prioritize customer-centric strategies. The companies that seamlessly integrate their supply chains into the omni-channel model are the ones that will thrive in today's competitive marketplace. Are you ready to embrace the omni-channel revolution in your supply chain? Let's discuss how to enhance your logistics and meet the evolving needs of your customers. #SupplyChain #OmniChannel #Logistics #CustomerExperience #Innovation

Underdeveloped grocery offers are severely impacting the profitability of grocers, potentially chipping away $14 million in margins for every $1B in sales by 2025. Don’t let legacy systems and traditional approaches prevent your organization from capitalizing on the digital growth opportunity in the grocery landscape. Jumpstart your journey to intelligent grocery fulfillment: bit.ly/44VhTpR #GroceryFulfillment #AdaptToCompete #FutureOfRetail #CX https://bit.ly/44VhTpR

"How Brands Can Prepare Fulfillment for Demand Spikes" is a thought provoking playbook assembled by Supply Chain Dive and Standvast. The fact that the article was even written is truly a reflection of the times. While heavily geared towards social media products ‘going viral’, the takeaway is very applicable to all industries. Is your supply chain ready for a sudden spike in demand? “The most important things to look for in a new 3PL partner are the capacity to scale, experience handling high, fast-moving inventory volumes and technology that enables simple, flexible solution. That last item (simplicity plus flexibility) is key. If your partner requires several months’ notice before high-volume or peak sales times, will they be able to handle unexpected demand?” Automation is clearly an advantage in this space, but many facets of the manufacturing and warehousing industry still rely heavily on human intervention. Therefore, the ability to inject resources into the process remains indispensable. Once the viral moment has subsided, the next challenge is keeping the supply chain light and resilient. These days, any product can go viral. Are you and your supply chain ready?  #viral #manufacturing #warehousing The playbook can downloaded here: https://lnkd.in/ebWSg_in

MIT survey identifies demand forecasting and customer experience as the top two areas where AI will have an impact on supply chains - - via DC Velocity

As the world shifts towards eCommerce, the importance of efficient inventory management and order fulfillment remains crucial for both, online and offline retail businesses. The blog brings to light how accurate inventory forecasting, utilizing data to predict demand and optimize stock levels, is essential. Strategic inventory placement by storing products in key regional locations can minimize shipping costs and delivery times. Expanding your network through multichannel distribution helps reach a broader customer base and enhances buying experiences. Leveraging marketplace fulfillment solutions offers hassle-free logistics and operations. Additionally, analyzing the cost of running your own warehouse versus third-party logistics can make better business decisions. Ready to enhance your digital operations? Connect with us to find out how Tenovia can transform your business performance. www.tenovia.com #tenoviasolutions #tensight.ai #ecommercetrends #inventorymanagement #orderfulfillment #retailrevolution #datadrivenbusiness #supplychainsolutions #multichanneldistribution #marketplacefulfillment #businessperformance #digitaltransformation #tenoviatransformation

To improve and modernize your retail supply chain, here are some key strategies and practices you can consider implementing: 1. Demand Forecasting and Data Analytics 2. Inventory Optimization 3. Supplier Relationship Management 4. Omni-Channel Integration 5. Logistics and Transportation 6. Technology Adoption 7. Customer Experience and Feedback 8. Risk Management and Resilience 9. Continuous Improvement 10. Sustainability Initiatives By focusing on these areas, you can modernize your retail supply chain, improve efficiency, reduce costs, and enhance customer satisfaction. #Modern_Supply_Chain #Retail #Fashion