To better forecast demands and customer needs, SMBs must overcome challenges with inventory replenishment, just-in-time inventory, backorders and drop shipping. Business management software allows SMBs to better plan and forecast with the use of analytical tools and wizards that play financial "what-if" scenarios. By being able to successfully forecast inventory and orders, SMBs can eliminate sales lost due to out-of-stock items.
In the end, successful supply chain management can enable SMBs to expand into new markets, create new products and ultimately increase their profitability. Improved customer responsiveness, higher product quality, faster product innovation and reduced inventory costs are only some of the benefits that SMBs can experience by creating and managing an efficient supply chain.
About the Author: Ali Jani is the co-founder and chief technology officer at business management solution provider Everest Software , based in Dulles, Va.
Chan, Helen. (2004) The SMB Supply Chain Squeeze. Optimize. February, 2004. April 10, 2006, www.optimizemag.com/issue/028/collaborative.htm?_loopback=1
2 Chan, Helen. (2004) The SMB Supply Chain Squeeze. Optimize. February, 2004. April 10, 2006, www.optimizemag.com/issue/028/collaborative.htm?_loopback=1