Inflation and supply chain issues have caused challenges to greenhouse and nursery growers in recent years. Growers need to be prepared and ready to adapt in a changing world. Maintaining a supply of materials, from seeds and fertilizers to pots and irrigation equipment has become increasingly difficult. Growers must adapt their replenishment strategies to ensure they can be successful. Here are some practical tips to help you.

1. Diversify Your Suppliers

Reduce the risk of not being able to get supplies by increasing your suppliers. Find several suppliers, both local and international, to ensure you have sources if one supplier faces delays or price hikes.

2. Increase Inventory When You Can

If you have the space to store supplies and can afford it, purchase supplies you need to run your business. This will help you if there are supply chain disruptions. Stock up on non-perishable items and essential supplies.

3. Utilize Technology for Inventory Management

Streamline your inventory management. DTS is a cloud-based, automated sales analytics and replenishment tool designed to help growers automate data flows and reporting, making it easier to track sales, inventory levels, and store performance. This allows growers to make informed decisions about replenishment, ensuring that they maintain optimal stock levels. By having accurate data at your fingertips, growers can make informed decisions.

4. Build Strong Relationships with Suppliers

Know who to contact if you need help. Communicate with your suppliers about your needs and challenges.

5. Make a Backup Plan

Develop a plan if there are supply chain disruptions. Identify critical supplies and create a backup plan for ordering them. Consider finding alternative suppliers, ordering extra nonperishable supplies, or find substitute materials that can be used if you can’t get your normal items.

6. Be Informed

Keep informed about economic changes, supply chain issues, and inflation. Be ready to adapt to a changing market. Subscribe to industry newsletters, attend trade shows, and participate in professional networks to be informed.

Conclusion

Growers who adapt their replenishment strategies can mitigate their impact on their greenhouse or nursery operation. Diversifying suppliers, increasing nonperishable supplies, utilize technology, and build strong supplier relationships are just a few ways to ensure you have the supplies you need to thrive. Stay proactive, plan for contingencies, and keep informed to navigate these uncertain times.

Learn how DTS can help you with Vendor Managed Inventory or your pay by scan customers or contact us today for a demo.