Walk into any marketplace in Southeast Asia or China and you’ll encounter dozens of stall owners flogging identical watches, T-shirts, and perhaps most notorious of all – knockoff North Face jackets. As you bargain the terms of your purchase, you’ll argue with the shop owner. A stall two aisles down is selling the exact same item for $5 less! “Same same but different!”, the stall owner insists. You’re not convinced, which is fair. Why should you pay more for the same item when this particular stall owner isn’t offering you anything more? Like the stall owner, many online retailers and wholesalers struggle
Customer order management and fulfillment is a major component of successful supply chains – for both large and small businesses alike. With the plethora of communication tools available in the 21st century, it’s no wonder that businesses are dealing with a growing range of communication and transactional challenges. Capgemeni identifies three challenges that modern businesses deal with in order management and fulfillment: 1. An explosion of order and delivery channels 2. The complexity of global supply chains 3. The rising expectations of customers and consumers Technology is a great way for business owners to manage and manoeuvre an increasingly complex business
Historically, the automobile industry has pioneered an impressive number of supply chain innovations. Ford’s assembly line and Toyota’s lean manufacturing technique for instance, were extremely valuable for the development of supply chains in other industries. Given the backlash against fossil fuel guzzling cars, it seemed like the golden age of automobile-inspired innovation was over. Enter Tesla. There are quite a few companies also in the electric vehicle (EV) business, including formidable automobile giants such as Toyota and Ford. Tesla however, stands out as the only EV maker that has truly captured the public’s imagination. Although some of the mystique may have come
Inventory management stockouts of large companies are usually stories that grab headlines quickly. Here are three cases of inventory management failures, what went wrong, and what you can do to avoid the same errors. Best Buy In December 2011, Best Buy issued a statement: “Due to overwhelming demand of hot product offerings on BestBuy.com during the November and December time period, we have encountered a situation that has affected redemption of some of our customers’ online orders. We are very sorry for the inconvenience this has caused, and we have notified the affected customers.” Best Buy’s failure to manage its inventory
Hello again everybody, I hope you’re all as excited for World Lizard day tomorrow as we are. (Also shout out to all the left-hander’s on world left-handers day today :)) As promised here’s this fortnight’s rundown of what’s new in your TradeGecko system. 1. Column Selector One of our most common requests has been to ask for is an extra column here and there on the index pages. Instead of us deciding for you, we’ve added the new column selector to let you choose what details are most important to you. You can now pick and choose columns that show up
Fashion isn’t just all about dressing up and H&M’s supply chain procedures are a testament to that. Globally recognised for being a successful and expansive retail giant in terms of market and financial prosperity, H&M’s supply chain strategy is a continuous search for promising markets, cost-efficiency in production of goods, and reduction in lead times for their retail inventory. H&M, which ranks number three on Gartner’s Supply Chain Top 15, is the world’s second-largest clothing retailer. This is certainly no easy feat for a company that has 950 stores in 19 countries, AND raked in a whopping turnover of 14.6
Following Kellogg’s recent plan to optimize its supply chain infrastructure as part of a four-year plan to save up to $475 million a year by 2018, let’s review and look at how they’ve been handling supply chain issues ever since they started. Similar to what we’ve learnt from exploring the business processes of retail giants such as IKEA and Walmart, we can definitely draw a few important lessons from Kellogg’s supply chain and inventory management. Kellogg’s: An Introduction Kellogg’s is one of the leading companies in providing food items (especially breakfast items and convenience food) to its customers located worldwide.
In addition to our constantly updated changelog we’re going to start posting product updates here every fortnight (or so) to help TradeGecko users like yourself keep a finger on the pulse of the system. This week, we have a couple of doozies: 1. TradeGecko – Magento Integration Inventory management has now been solved for Magento users – this week we rolled out an integration with the popular open-source e-Commerce platform. The TradeGecko – Magento integration seamlessly connects your Magento sales and product information with your TradeGecko orders and inventory. We’ll automatically update your inventory and stock levels whenever a customer places
We had an amazing time at the Shopify Asia E-Commerce Festival that was held from 19 to 27 June 2014 in sunny Singapore. Its aim was to share how businesses can experience growth by venturing into the e-Commerce realm through a number of conferences and workshops. As a key partner of Shopify, we held a ‘Teach Up’ (workshop) on effective inventory management – where we shared some of our expertise and experience with a large group of the festival’s attendees. And we’re glad to share that feedback has been that these were some really engaging, fruitful insights on the importance
Baby Hero is a socially responsible children’s clothing company that was launched seven months ago. It sells organic fair trade baby clothes made with fair labour. On top of that, for every item sold, it donates a neonatal survival kit to developing countries to help mothers and babies survive childbirth and their first month of life. Wow, sounds very impressive, isn’t it? Let’s start from the beginning. A little background Alicia and Samar co-founded Baby Hero because they were very much inspired by their own births and experiences with motherhood. After going through very difficult births themselves, they became more