Around the world, the spread of COVID-19 is creating economic uncertainty for families, communities and businesses. One thing we can all agree on, however, is that we want to emerge from these times sooner, stronger and more resilient than ever. For Original Equipment Manufacturers (OEMs) and suppliers specifically, decisions they make today will determine how […]
Kategorie: Inventory Management
Maximizing Service Business Profitability and Customer Experience in Economic Downturns
Manufacturers around the world are currently facing an unforeseen economic downturn, creating feelings of uncertainty and stress for both employees and customers. However, I believe when challenges like these present themselves, as leaders we must act quickly to instill feelings of security and productivity not only for our teams, but also for our end-users. So, […]
Navigating Coronavirus Supply Chain Disruptions
We know this is an unprecedented time of uncertainty in your business, which is why Syncron is committed now more than ever before to empower our customers to deliver exceptional after-sales service experiences. In order to provide specific guidance on how you might respond to the aftermarket effects of the current Coronavirus (Covid-19) outbreak, we […]
Market Fluctuation Opens Doors for Heavy Truck Manufacturers
In the heavy truck industry, orders for new products continue to fluctuate. Orders for Class 8 trucks soared in September, while demand for medium-duty trucks remained stagnant, and analysis from ACT Research indicated that September’s order volume for North American Class 8 trucks increased 62 percent year-over-year. The market is poised to continue to grow […]
It’s Not A Myth. Seasonality Does Exist…
Ice cream sells better in the summer and snow shovels are in greater demand during winter months. It’s pretty obvious that demand for products like these are affected by the season. Management understands the relevance of seasonality, plans for it, forecasts against it, and maintains inventory around it. However, seasonality is not as apparent in […]
Survey Says: Aftermarket Professionals Ranked Service Level #1, but Inventory Balance is More Important
It’s not a surprise to me! The aftermarket isn’t concerned about inventory reduction. In fact, inventory levels ranked dead last in our most recent survey. Either the opportunity to reduce inventory further is low e.g. the current inventory policies are satisfactory. Or, organisations are worried that any attempt to reduce inventory will impact availability and […]