StockIQ Technologies

The Future of Supply Chain Management in a Post-COVID World 🌐 The landscapes of work and business have changed vastly in the past few years. The COVID-19 pandemic sparked new remote work trends, leading to the rapid development of cutting-edge digital collaboration tools. These trends and technologies have transformed nearly every industry and sector, and the supply chain is no different. At StockIQ, we believe that the implications of remote work and digital collaboration tools on supply chain management are profound. New, advanced supply chain management tools are now available, allowing businesses to improve efficiency, resilience, and innovation. In our latest blog post, "What Are the Implications of Remote Work and Digital Collaboration Tools on Supply Chain Management Post-COVID?" Curtis Glesmann discusses how remote work and digital collaboration tools are unlocking new potential in the world of supply chain management. Discover how these advancements can help your business stay ahead in this ever-evolving landscape. 🔗 Read the full blog post here https://hubs.la/Q02MtmKp0 #SupplyChainManagement #RemoteWork #DigitalCollaboration #Innovation #Efficiency #Resilience #StockIQ

Feature Friday with Jeffrey Porter and Jeff Woodmansee: Key Differences Between Warehouses and Distribution Centers In today’s global market, inventory-based businesses are shipping goods worldwide, relying on both warehouses and distribution centers to fulfill orders and meet customer demands. While these two types of facilities might seem similar, their functionalities and purposes differ significantly. Here’s a quick overview of the key differences: 🟥 PURPOSE: ◼ Warehouses are primarily for storage, holding bulk inventory for extended periods. ◼ Distribution Centers focus on order fulfillment, efficiently moving products and handling order picking and packing for shipment. 🟦 INVENTORY MANAGEMENT: ◼ Warehouses manage large quantities of inventory with a slower turnover rate. ◼ Distribution Centers handle smaller, fast-moving inventory. 🟩 INFRASTRUCTURE: ◼ Warehouses have simpler storage solutions like bulk shelving or pallet racks. ◼ Distribution Centers are equipped for high-volume order fulfillment. 🟪 LOCATIONS: ◼ Warehouses can be located in remote areas. ◼ Distribution Centers are strategically placed near transportation hubs or major customer bases for speedy deliveries. Both warehouses and distribution centers are crucial in the global supply chain. With the global supply chain management market valued at around $24 billion and expected to grow by another $6 billion by 2030, understanding these distinctions is vital. Customers today expect quick product delivery, with 68% of shoppers looking for shorter delivery windows at checkout. For inventory-based businesses aiming to meet customer expectations and keep up with the pace of business, it’s essential to understand and utilize warehouses and distribution centers effectively. #FeatureFriday #SupplyChain #Warehouse #DistributionCenter #InventoryManagement #Logistics #StockIQ

As someone who has invested over 40,000 hours in the field of inventory planning, I'm excited to share that this workshop goes beyond theory to address real-world challenges. We'll focus on the top 5 core pillars of inventory management that I've identified as crucial throughout my career. Are you grappling with issues like poor service levels, high inventory but low fill rates, or unreliable supplier deliveries? This course is designed to give you not just the knowledge, but the practical skills to tackle these common yet complex problems. By the end of the workshop, you'll have a firm grasp on the key drivers behind these issues and, more importantly, the confidence to implement effective solutions. Whether you're new to inventory management or looking to refine your skills, this hands-on approach will provide valuable insights you can apply immediately in your work. Join us to transform your understanding of inventory management and gain the tools to optimize your supply chain performance.

This is a must-read for anyone involved in supply chain management! 📚 The insights and practical tips provided by StockIQ Technologies are invaluable for optimizing processes and enhancing efficiency.

Unlock the Full Potential of Your Supply Chain with Our Latest White Paper! We’re excited to share our comprehensive guide, “A Guide to Utilizing Supply Chain Planning Software,” crafted by the experts at StockIQ. In this white paper, we delve into everything you need to know about supply chain planning software, including: ✔ An in-depth discussion of the three key supply chain capabilities ✔ Practical tips on effectively using supply chain planning software at each stage Whether you’re looking to optimize your current processes or explore new solutions, this guide is designed to provide valuable insights and actionable strategies. 📄 Download the white paper now and take the first step towards a more efficient and resilient supply chain! #SupplyChain #SupplyChainManagement #PlanningSoftware #StockIQ #WhitePaper #Efficiency #BusinessGrowth

Two Cent Tuesday with Jeffrey Porter: Key Factors to Consider When Choosing Between a Warehouse and a Distribution Center When it comes to optimizing your supply chain, the decision between a warehouse and a distribution center is crucial. Here are some key factors to consider: 🔷 Storage vs. Fulfillment: ◼ Do you primarily require long-term storage for bulk inventory? ◼ Or is your focus on efficiently fulfilling a high volume of customer orders? ◼ Warehouses excel at long-term storage, while distribution centers are vital for high-volume order fulfillment. 🔶 Inventory Volume & Turnover: ◼ The amount and movement of your inventory play a significant role. ◼ Warehouses are best suited for slower-moving goods in large quantities. ◼ For fast-paced operations with frequently changing stock, a distribution center might be a better fit. 🔷 Order Fulfillment Complexity: ◼ Consider the complexity of your order fulfillment process. ◼ Warehouses typically offer limited fulfillment options and are designed for bulk inventory movement. ◼ Distribution centers can handle a wider, more customizable range of order processing needs. 🔶 Technology & Infrastructure Needs: ◼ Both facilities have different technology and infrastructure requirements. ◼ Warehouses need systems for long-term, bulk storage. ◼ Distribution centers require systems for efficient picking and packing. Both need robust inventory management systems to track inventory, shipments, and fulfillment, and to support data-backed demand forecasts. By carefully evaluating these factors, you can determine whether a warehouse, a distribution center, or both best suit your supply chain strategy.

Businesses in the supply chain move a vast amount of inventory around the world, from raw materials to finished goods. Behind the scenes, two physical spaces play a large role in the complex logistics involved in the seamless movement of goods: warehouses and distribution centers. While both types of spaces are necessary in the global supply chain, and both involve storing and managing inventory, the two terms are not interchangeable, and the functions of these two types of spaces differ significantly. In the article, "Warehouses Vs. Distribution Centers" Jeffrey Porter dives into the distinctions between warehouses and distribution centers. Read the full article, https://hubs.la/Q02LHzYP0 At a quick glance: 🟥 Warehouses: ◼ Primarily used for long-term storage. ◼ Focus on inventory management. ◼ Ensure products are safe and secure until needed. 🟦 Distribution Centers: ◼ Designed for quick turnover. ◼ Handle receiving, processing, and shipping orders efficiently. ◼ Ensure products reach customers swiftly. Understanding the key functions and specific strengths of each can help you determine which option best suits your specific supply chain needs.

As someone who has invested over 40,000 hours in the field of inventory planning, I'm excited to share that this workshop goes beyond theory to address real-world challenges. We'll focus on the top 5 core pillars of inventory management that I've identified as crucial throughout my career. Are you grappling with issues like poor service levels, high inventory but low fill rates, or unreliable supplier deliveries? This course is designed to give you not just the knowledge, but the practical skills to tackle these common yet complex problems. By the end of the workshop, you'll have a firm grasp on the key drivers behind these issues and, more importantly, the confidence to implement effective solutions. Whether you're new to inventory management or looking to refine your skills, this hands-on approach will provide valuable insights you can apply immediately in your work. Join us to transform your understanding of inventory management and gain the tools to optimize your supply chain performance.

Feature Friday with Jeffrey Porter and Jeff Woodmansee: "Methods & Technologies of Order Picking" Today, we’re diving into the fascinating world of **Order Picking Methods**. Efficient order picking is crucial for warehouse operations, and there are several methods to choose from, each with its own advantages. Let’s explore: 🔶 Piece Picking: Ideal for smaller operations, this straightforward method involves picking items for one order at a time. Simple but can be time-consuming for large volumes. 🔶 Batch Picking: Pick items for multiple orders simultaneously, reducing travel time and increasing efficiency. Great for high-volume environments but requires additional sorting. 🔶 Zone Picking: Divide the warehouse into zones, with each picker responsible for their zone. Reduces travel time and is efficient for large warehouses, but requires coordination between zones. 🔶 Wave Picking: A hybrid approach combining batch and zone picking. Orders are grouped into “waves” based on criteria like shipping schedules. Optimizes efficiency but needs sophisticated planning. 🔶 Cluster Picking: Pick multiple orders at once using a cart or tote system. Reduces travel time and keeps orders organized, but can be cumbersome with large orders. 🔶 Automated Picking Systems: Use technology like robotic pickers to enhance efficiency and accuracy. High initial investment but can significantly reduce labor costs. **Technologies Enhancing Order Picking**: 🔷 Barcode Scanners: Ensure accurate identification and verification of products. 🔷 Pick-to-Light Systems: Guide pickers to the correct item locations with light indicators. 🔷 Inventory Management Systems: Track stock levels and manage reorder points. 🔷 Drones: Emerging tech for quick scanning and real-time inventory data. Understanding and choosing the right order-picking method and technology can support business growth and customer satisfaction. Which method do you think suits your operations best? 🤔 #WarehouseManagement #SupplyChain #Logistics #StockIQ #OrderPicking #Efficiency #Technology

Unlock Business Success Across Industries with StockIQ! StockIQ Technologies offers tailored solutions to drive growth, improve efficiency, and keep your customers smiling. ✅ Consumer Packaged Goods (CPG): Adapting to Challenges Respond to shifting demand and consumer behavior with our adaptive supply chain management tools: 🔹 Lead time management 🔹 Container loading 🔹 Adaptive forecast events 🔹 Channel-specific forecasting 🔹 Efficient drop-ship PO management 🔷 Case Study: Consumer Packaged Goods (CPG) Emily K., Vice President Of Global Sourcing and Regulatory Compliance at a mid-market company shares her experience: ⭐⭐⭐⭐⭐ “StockIQ is a great, well-contemplated system for day-to-day demand and supply planning. It offers everything we require out of the box, including forecasting, event modeling, and replenishment planning, with an intuitive and easy interface that makes training our fast-growing team a breeze. We have grown our utilization of the system over time as we have expanded our business and team capabilities. The system was effective when we were only using a handful of models and has grown to be integral as we have expanded our utilization. Additionally, we really appreciate the whole team at StockIQ; their support is unparalleled and whenever we have a system question or are training a new team member, they are always there to help and coach!” Unlock your business potential with StockIQ today! #SupplyChain #BusinessGrowth #Efficiency #CustomerSatisfaction #CPG #StockIQ #Logistics #Healthcare #AdaptiveSolutions