Inventory management is a key element of the supply chain. It is sometimes confused with other related processes and practices of the supply chain ecosystem. Inventory Management is the tracking of inventory from raw materials to manufacturers, to finished goods, to distributors, warehouses (wholesaler or retailer), and from these facilities to a point of sale (end customer). The goal of inventory management is to have the right products in the right place at the right time.

Companies worldwide have been affected by recent supply chain issues. From large factory shutdowns in China due to Covid-19, to recent port backups in Southern California, or the rising number of factory fires across the world, the increasingly globalized nature of our supply chains means that the potential number of risks and threats to our supply chains are greater than ever before. T Exponents has a risk assessment, management and mitigation approach to address organizational risk.

Do You Need a Supply Chain Consulting Firm? A Supply Chain Consulting Firm can improve your operational expertise in areas like Demand planning, Inventory management, Warehouse and distribution center operation, Transport management, Technology selection and implementation. Some of the key supply chain competencies we can provide include:

1. Supply chain strategy and assessment

2. Supply chain planning

3. Supply chain transformation and optimization

4. Supply chain sourcing, procurement, contract negotiations

5. Supply chain enterprise architecture and tools

As geopolitical events cause major supply chain disruptions, consumer preferences rapidly change, and aging infrastructure reduces efficiencies, assessing your supply chain strategy and infrastructure is vital. Below are the top 7 trends we are seeing in Retail Supply Chain Strategies with an eye on improving efficiency and profitability. Retail Supply Chain challenges today will have lasting, downstream consequences tomorrow.