Avoid overcrowding, disorganised stock, inefficient picking and packing processes by overcoming limited storage space in inventory management. Employ regular stock audits, consider alternative storage solutions, adopt just-in-time inventory, optimise warehouse layouts, and streamline processes.
Anticipate seasonal trends and unpredictable changes in demand to plan inventory levels effectively. Avoid stockouts, minimise excess inventory costs, and meet customer demands efficiently.
Managing product shelf life and fragility is critical for minimising waste, reducing costs, and enhancing customer satisfaction. This requires proper inventory rotation, quality checks, suitable packaging, accurate demand forecasting, and timely disposal strategies
Plan production with forecasting demand, determine production schedules, and allocate resources to optimise manufacturing. Including capacity planning, material requirement planning, and quality control.
Maintain a steady and cost-effective supply of materials by Forecasting demand, consider lead times, manage safety stock, build supplier relationships, determine optimal order quantities, and ensure material quality while planning purchase for raw materials (RM) and packaging materials (PM).
FnB industries often involve multiple suppliers, distributors, and retailers. Lack of visibility across the supply chain can result in delays, stockouts, or excess inventory. It becomes crucial to have real-time information and collaboration among stakeholders to ensure smooth operations.