Inventory management is vital for balancing supply and demand, minimizing costs, and maximizing efficiency in businesses, and just so happens to be the topic of conversation in this week’s new episode of Whiteboard Wisdom! In this conversation with Scott Luton, supply chain expert Marcia Williams discusses five key inventory management metrics that every supply chain professional should master. Join us as Scott and Marcia emphasize the importance of understanding the concept behind each metric and how they can vary depending on the industry and company strategy. Tune in to learn more about the need for continuous measurement, why you should adjust these metrics to reflect changes in the business environment, and so much more!

Amazon Vendor Central is a cloud-based inventory management system that allows third-party sellers to upload their products directly to Amazon. Using technology and smart planning is crucial for businesses to expand and connect with more people, and Shawn Oleson, a Retail Insights Manager for Amazon at SupplyPike and former Amazon employee, suggests that before jumping into it, businesses should focus on creating solid plans, organizing data, and using technology to make their operations smoother. In today’s episode, hosts Scott Luton and Greg White welcome Shawn to the show and discuss: The significance of data-driven approaches and understanding retailer-vendor dynamics The challenges businesses face with Amazon Vendor Central, and the need for strategic planning, compliance adherence, and effectively managing claims and fines The evolving nature of e-commerce, the necessity of streamlined processes, and the pivotal role technology plays in adapting to changes in Amazon’s policies The complexity of Amazon’s ecosystem and the importance of having an intermediary or partner with expertise to navigate it successfully SupplyPike’s role in providing software solutions for brands, manufacturers, and consumer packaged goods Listen in and learn more about the various challenges and best practices in managing Amazon Vendor Central, and take away key insights into…