You’re not alone. By now, you know that everyone is experiencing problems with their supply chain, making it harder to get what you need. For small businesses, handling a large number of orders is a challenge—and even more so when distribution is slow. Uncover ways your business can overcome supply chain issues and stay ahead of the game.
Diversify Your Suppliers and Manufacturers
If you know the adage, “Don’t put all your eggs in one basket,” you’ll understand why you should diversify where you get your products. Work with several manufacturers to ensure you always have options and the ability to get what you and your customers need.
Update Your Inventory Management System
A good inventory system involves more than warehouse organization. You should also use technology to help you keep track of the movement of goods through your warehouse and store. The best systems integrate information from sales, inventory, customers, and suppliers, so you know when to order the things you need.
Track Your Inventory
Use a warehouse racking system to organize and keep track of your stock. Knowing what you have will help you figure out what you need. Monitor how quickly certain items fly off your shelves and order them regularly so you never run out.
Keep Your Warehouse Stocked
Don’t allow your pallets and shelves to sit around empty. Keep them stocked with the right items to ensure you can fulfill your orders. If you have an item that sells like hotcakes, don’t hesitate to order an large amount since it’s moving off your shelves so quick.
Be Transparent With Clients and Customers
Keeping up with high demand is difficult—especially during the holiday season. The best thing you can do if you’re having trouble with your supply chain is inform your customers and clients. Let them know why things may take longer to arrive and be as specific as possible about when they can expect to receive their orders.
Having what people want when they want it is key to sales. Don’t let down your customers or your business by mismanaging your stock. Being proactive is one of the best ways your business can overcome supply chain issues. Track your inventory and use a management system that tells you when to place orders for more products.