CLAREMONT, CA—Diversification makes good business sense during COVID-19, provided that the rationale and focus for doing so is clear, according to The Society for the Advancement of Consulting® (SAC). With a clear focus, customers will get enhanced value from products and services, as your business avoids the panic mode that besets weaker competitors.
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Managing warehouse inventory, on its face, seems a simple concept: Keep enough stock on hand to fulfill orders, but not so much stock that your warehouse is filled to the brim with inventory that won’t move for months (or years). Too much slow-moving inventory means you’re spending money to store products that aren’t earning immediate revenue, and too little means backorders and unhappy customers who are likely to seek out your competition. In practice, however, warehouse inventory management is quite complex, given the number of variables that impact the bottom line:
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FAU Business Moderated by David Menachof, FAU Associate Professor, Art Koch and Matt Tichon discuss the current supply chain and strategies going forward in terms of production capacity, inventory management, global vs. local sourcing choices, and value added issues.https://www.youtube.com/watch?v=LTPlvqY4IcE
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MultiBriefs Exclusive – Gail Short In the weeks after COVID-19 began sweeping across the United States, the pandemic succeeded in revealing chinks in the country’s retail and manufacturing supply chains. Some supply chains simply broke. Stores quickly sold out of items like hand sanitizer, antibacterial wipes, toilet paper and paper towels, to the frustration of …
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The Shrimp Tank | Seattle Episode 86 – COVID-19 Expert Panel
We find ourselves in interesting times. Unprecedented times with a global pandemic that is severely impacting both individuals and businesses; especially small and medium-sized businesses.
Being in Seattle, we have been at the epicenter of the outbreak in the United States. To that end, we are practicing responsible social distancing and not holding a live podcast and have rescheduled our guest to another time in the future. Co-host Dan Weedin has recorded a special podcast related directly to responding to the COVID-19 crisis. Dan has recorded an interview with four global experts and colleagues of his to help you figure out what to do right now and this week to respond and set up recovery strategies.
Listen to the podcast.
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