Inventory of Ideas and Comments
Our blog and articles have been dedicated to the concept of sharing new information on our product, the industry, and general observations on inventory management over the years. There are a lot of unique ideas in here. Please enjoy.
What do Amazon, Uber and Airbnb have in common?
On the face of it, not a lot. One is an online retailer. One is a ride service. And one is a matchmaker between travelers and cool places to stay. Putting those differences aside, we find that what they have in common is a business model that we would all love to emulate. And they’ve set a very high bar for any company to compete with. Let’s discuss On-Demand Supply.
Their business model is based on exceptional ease of use, point-and-click delivery, and fair pricing. Clearly a winning combination given the outstanding success of all three companies. Why have they been so successful? They not only meet but exceed consumer expectations. And their delivery model is finely attuned to the way consumers want to purchase goods and services.
Amazon, Uber and Airbnb were ahead of the curve in that they not only anticipated the demand for their services, they created it. They filled a void before anyone even knew that the void existed.
It’s reminiscent of a famous quote from Henry Ford who said: “If I had asked the people what they want, they would have said a faster horse.”
Question: How does all of this relate to inventory, warehouse and supply chain management? Answer: In every way!
We need to be ahead of whatever curve is coming our way. We need to innovate. We need to become part of the “on-demand economy.” And we can do that with dynamic warehousing and automated inventory processes with real-time visibility across diverse eco-systems.
Not too long ago, inventory, warehouse and supply chain management existed behind the scenes. Now, they are at the forefront of every distributor’s and manufacturer’s business model. Now they are a science, evolving as we speak to create sustainable practices that result in growth and a competitive edge.
We learned our best practices from the successful delivery models pioneered and honed by Amazon, Uber and Airbnb – exceptional ease of use, point-and-click delivery, and popular pricing.