How to reduce the bullwhip effect involves understanding the bullwhip effect definition, the causes, and the solutions needed for reduction and prevention. Before we discuss how to reduce the bullwhip effect, let’s define the bullwhip effect. INVENTORY CONTROL • Automated Inventory Re-Order Points • Inventory and Order Management • Advantages of a Perpetual Inventory System • What is…continue reading
What is Anticipation Inventory
What is anticipation inventory? Simply put, anticipation inventory is a basic use of inventory purchased in advance and stocked to meet expected fluctuations in supply and demand. Anticipation inventory is a proactive response for business when there are expectations of sales surges based on seasonality, current events, trends, promotions, and other events. It is also…continue reading
The Future of Wholesale Distribution
What does the future of wholesale distribution hold? Within the next ten years what can wholesalers expect to see alter in day-to-day and overall operations? Several pieces about the future of wholesale distribution exist and have offered somewhat of a consensus. The future is about automation, big data, and highly sophisticated technology, including robotics. DISCOVER…continue reading
7 Wholesale Tips (2022)
7 Wholesale Tips (2022) is a curated list of relevant tips for 2022 and beyond for improving and growing wholesale operations. We are in 2022 and the wholesale industry is thriving against all the odds stacked against it over the last couple of years. Let’s celebrate! But first, we’ve curated a list of 7 wholesale…continue reading
How to Leverage Technology for Business Transformation
How to leverage technology for business transformation is a simple guide on what you really need to know for transforming internal and external operations. Business transformation involves processes that make fundamental changes to how a business operates organizationally, managerially, procedurally, etc. to adapt to changing markets and environments, as well as expanding the company itself.…continue reading
