Fiddle Blog

Summary: In this article, you’ll learn strategies for adapting your inventory management techniques to help weather the COVID-19 tumult. These methods include adjusting forecasts, diversifying supply chain networks, and reevaluating existing measures of safety stock, lead times, and EOQs. Furthermo

The events of 2020 have made it one of the most disruptive years ever in the business world. No sector of business has been immune to the effects of the pandemic, and that includes manufacturing. However, contrary to what media outlets would have people believe, manufacturing is not, in fact, in gr

In this article, we’ll see how reliance on ERP systems as a core management solution can cost your company big both in the short term and the long term and can do irreversible damage to business. Case studies of companies deemed “too big to fail” prove that ERP failures can do massive damage to even the most robust of companies.

Summary: In this article, you’ll learn the definition of a purchase order, different types of purchase orders, how purchase orders differ from invoices, purchase order processes and how purchase orders work, and the basics of purchase order accounting What is a purchase order? In the worlds o

Summary: In this blog post, you’ll learn about inventory management. Topics include what is inventory management, why it’s important in 2020, inventory management amid the covid-19 pandemic, inventory accounting, inventory management techniques and best practices. What exactly is inventory manag

Long gone are the days when the term manufacturing was reserved for businesses that could afford humongous buildings, complex machines, and hundreds upon hundreds of people working alongside each other. The name of the game now is for small businesses to continue to scale as time passes by. Of c

The internet has created new jobs, new opportunities, and new businesses—and one of them is that of the online retailer or e-tailer. In the US alone,1.8 million e-tailersare selling their products on e-commerce platforms or marketplaces such as Amazon and eBay. Online retailing faces new challen

Direct-to-consumer (D2C) companies have to constantly fulfill orders in the multiple channels on which they sell. This presents a lot of challenges as you’ll have to always be aware of the amount of stock you currently have and where it is located. You also have to consider if you have the ability

Managing your manufacturing inventory can be complex and challenging. This is because it involves many tasks such as supply chain management, demand forecasting, bills of material, production planning, and scheduling, and more. For small companies that want to scale, this challenge can be tricky

In Part 1, we shared some of the key challenges and causes of ineffective inventory management. How there are nearly $2 trillion in mismanaged inventory costs across three main areas. Overstock inventory accounts for $471 billionOut-of-stock items accounts for $634 billionPreventable returns acc

To compete in the digital buyer’s world we live in, manufacturers, especially B2C and D2C brands, must be prepared to offer their products across multiple channels. The convenience of online shopping and the various online marketplaces, social sites, and Ecommerce websites consumers browse and shop

Inventory management is a challenge for most organizations. There is a lot that goes into managing inventory effectively and profitably. It's important to have an inventory management system that can help you avoid the common pitfalls that most businesses make. Let's take a quick look at the mos