Understanding different types of inventory stockpiles better can lead to supply chain improvement opportunities. Maintaining stock of goods is a cost for the company, while at the same time, this stock is required to create “value”. Stocks and the flow of goods are two highly interdependent variables. Hence, proper inventory management results in higher quality […]
As with any other industry, it is important to keep staff motivated in supply chain and logistics. Motivating your employees helps create a climate of continuous improvement. Employee engagement should not be underestimated as it can have an impact on the general costs of the company. This is because it is directly linked to the […]
Inventory management is an important part of supply chain management. Inventory management can be very vaguely described as optimizing the inventory level between maximum and minimum acceptable levels for every SKU. The maximum stock is determined by the storage capacity of the warehouse and the supply requirements. The minimum stock indicates when and where a […]
On Saturday mornings, Abi Gildea makes her way to 50 50 Liberty Avenue in the heart of Pittsburgh’s Bloomfield neighborhood. Any other day of the week, her route would lead her to an empty parking lot. But on Saturdays, the area transforms into a bustling market filled with dozens and dozens of local vendors. From … Continue reading Awesome Project: Bloomfield Saturday Market→
I was just reading an excellent recent post on the New York Fed’s blog Liberty Street Economics, entitled “Token- or Account-Based? A Digital Currency...
