π‘°π’π’—π’†π’π’•π’π’“π’š – 𝑩𝒍𝒐𝒐𝒅 𝒐𝒇 π‘Άπ’“π’ˆπ’‚π’π’Šπ’”π’‚π’•π’Šπ’π’

Let’s continue where we left last week

π‘°π’π’—π’†π’π’•π’π’“π’š π‘΄π’‚π’π’‚π’ˆπ’†π’Žπ’†π’π’• 𝒗𝒔. π‘Ίπ’–π’‘π’‘π’π’š π‘ͺπ’‰π’‚π’Šπ’ π‘΄π’‚π’π’‚π’ˆπ’†π’Žπ’†π’π’• – Supply chain management is a process of managing supply relationships outside a company and the flow of stock into and through a company. Inventory management may focus on trends and orders for the company or a part of the company.

Inventory management is essential for a properly running supply chain. Inventory management follows the flow of goods to, through and out of the warehouse. The supply chain includes demand planning, procurement, production, quality, fulfillment, warehousing and customer serviceβ€”all of which require inventory visibility.

π‘°π’π’—π’†π’π’•π’π’“π’š π‘΄π’‚π’π’‚π’ˆπ’†π’Žπ’†π’π’• 𝒗𝒔. 𝑾𝒂𝒓𝒆𝒉𝒐𝒖𝒔𝒆 π‘΄π’‚π’π’‚π’ˆπ’†π’Žπ’†π’π’• – Warehouse management complements inventory management. Warehouse management organizes stock in a warehouse. Inventory management manages stock and trends for many warehouses or an entire company.

The key to streamlining warehouse operations is a thoughtfully laid out and meticulously organized facility. When each product has a specific place in the warehouse, it prevents staff from moving about inefficiently and maximizes labor efficiency. But these processes are only as good as the inventory records that drive them.

π‘°π’π’—π’†π’π’•π’π’“π’š π‘΄π’‚π’π’‚π’ˆπ’†π’Žπ’†π’π’• 𝒗𝒔. π‘³π’π’ˆπ’Šπ’”π’•π’Šπ’„π’” – Logistics is the practice of controlling processes in a warehouse and in the replenishment and delivery systems. Inventory management maintains stock levels and manages stock location.

Inventory management is a crucial part of how companies manipulate their logistics. The relationship between inventory management and logistics is interdependent. Logistics need inventory management to perform their activities. Good logistics systems improve warehouse and operational activities.

π‘°π’π’—π’†π’π’•π’π’“π’š π‘΄π’‚π’π’‚π’ˆπ’†π’Žπ’†π’π’• 𝒗𝒔. 𝑬𝑹𝑷 – An enterprise resource planning (ERP) system is software that manages business activities such as accounting, purchasing, compliance and supply chain operations. By contrast, inventory management is a part of a modern ERP system, providing insight into stock levels, inventory en route and the status of current inventoryβ€”this makes it visible across the organization in real time.

Inventory management helps to properly plan a company’s replenishment orders. ERP systems give companies accurate inventory data, so they have the most current information for their inventory management plan. ERP systems optimize the data so inventory management is successful.

So all this and much more is an integral part of our offerings to our clients when we say we provide end-to-end supply chain management execution based consulting.

Remember name isΒ Synergeze Consultants Private LimitedΒ and our USP is we are extended arm managing & resolving your issues of supply chain.

#gccoachΒ #inventoryΒ #synergeze

Small businesses at times seems to be ignoring many a thing, by just treating them as one more jargon in this new age of super complicated words and synonyms. Process Re-Engineering can be a game changer to businesses, as it can perform miracles on a failing or stagnant company and open new doors for a company on steady path of growth. However, the process is tricky and needs some pain-killers to supress the pain of change and pain of tearing down what we are used to and feel comfortable with. If ignoring this was a mistake, the next big mistake could be to settle for a cheap and basic process re-engineering tool in absence of an expert guidance. It could be that you tried saving a cent and lost a dollar. We atΒ Synergeze Consultants Private Limited, help businesses to implement the changes in an ongoing manner without effecting the current operations in any way and yet delivering the desired results. To learn more about our standardised approach which is customized for every single business please reach out to us. If you wish to be more profitable and save on all forms of costs – Your destination is our name – Synergeze Consultants Private Limited.
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