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Cloud Supply Chain

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Avatar for Renny Smith
Renny Smith

With constant supply chain disruptions and changing consumer demands, many companies see an increased need for automation, enhanced data analytics, and better insights into their operations to improve efficiency. That’s why many companies are already implementing cloud supply chain solutions in their operations. In fact, cloud computing and storage is the most frequently adopted technology […]

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How to Reduce Days Sales Outstanding

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Avatar for Renny Smith
Renny Smith

Days sales outstanding (DSO) gives direct insight into your company’s payment collections. While a low DSO number indicates satisfactory sales collections, a high number shows poor cash flow. Unfortunately, businesses in many industries see high DSO and can experience financial challenges as a result. In Q3 of 2022, 21 of 211 industries surveyed in the […]

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5 Ways EDI Can Help Prepare Your Supply Chain for a Recession

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Avatar for Renny Smith
Renny Smith

With inflation remaining at some of the highest rates in over 10 years, and the Federal Open Market Committee expecting to keep interest rates elevated throughout 2023, many businesses are preparing for a recession. A recession can cause trouble for companies and supply chain managers– especially if they are unprepared to face it. From cash […]

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You Don’t Need to Wait to Implement EDI

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Avatar for Renny Smith
Renny Smith

Whether you’re a supply chain manager, merchandising operations manager, IT director, CFO, or other business decision maker, the fact is, you have a lot of projects to consider. What’s more, most of those projects are expensive and take significant effort and time. When your business is trying to decide when and how to implement or […]

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Best Practices When Onboarding Suppliers

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Avatar for Renny Smith
Renny Smith

Having a clear process for bringing new suppliers into your supply chain is critical for maintaining efficiency, boosting profit margins, and creating profitable business relationships. Yet navigating the process of onboarding new suppliers can be complicated and full of challenges. Connecting effectively with the suppliers that fill your company’s needs is vital in building long-term […]

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7 Inventory Management Techniques for Success

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Avatar for Renny Smith
Renny Smith

Manufacturers, suppliers, and distributors must handle a wide range of challenges when overseeing their company’s inventory. From changing customer demands to overstocking and disruptions such as weather disasters, supply chain managers juggle several issues as they attempt to improve their inventory management. Companies understand that they need efficient ways to maintain appropriate inventory levels to […]

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The Hidden Cost of Delay: Why Waiting to Implement EDI Software Can Cost You More Than You Think

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Avatar for Renny Smith
Renny Smith

In a recent study, Gartner® found that 29% of supply chain leaders viewed technology as “critical to the success and growth of their business.” When it comes to the type of technology to implement, Gartner identifies “automation (i.e., supplementing, enhancing or replacing humans with things that can perform tasks independently), intelligence (i.e., leveraging technology to […]

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Traceability in Food Supply Chain

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Avatar for Renny Smith
Renny Smith

Traceability is an essential component of the food supply chain, since documenting food quality and movements through each supply chain step helps prevent the spread of disease and keeps consumers satisfied. The Food and Drug Administration (FDA) passed the Food Safety Modernization Act (FSMA) to address necessary tracking measures for food as it goes through […]

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Supplier KPIs You Should Be Tracking

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Avatar for Renny Smith
Renny Smith

Effective, ongoing supply chain management is crucial to the health of any business. Having well-performing suppliers contributes to better productivity and brand image for your business, while supplier issues can pose a significant risk. Yet managing your company’s suppliers is often fraught with challenges. Continuous monitoring and evaluation of your suppliers are essential to improving […]

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5 Ways VMI Can Help Improve Your Supply Chain for a Recession

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Avatar for Renny Smith
Renny Smith

Economic uncertainty and sharply rising inflation rates have many businesses considering what strategies they can use to prepare for a recession. Supply chains are particularly vulnerable to recessions, with impacts ranging from poor demand forecasting to slashed profits. Finding ways to recession-proof your supply chain can help you prepare for what’s next and stay competitive […]

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