Improving businesses and the environment In today’s fast-paced business landscape, inventory management plays a crucial role in determining a company’s...
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Data-driven inventory management: the secret to business success
In the rapidly evolving business landscape, staying ahead of the competition requires more than just good instincts – it demands...
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Inventory planning to reduce Chinese New Year disruption
Smart inventory managers plan for Chinese New Year (aka Lunar New Year) many months before the event. The more prepared...
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The inventory planner’s guide to managing product life cycle
Every product goes through several phases from its launch to eventual phasing out, which is known as the product life...
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Overcoming minimum order quantity (MOQ) challenges
What is MOQ, and how do you overcome its challenges? ABC, ERP, EOQ, JIT… acronyms are everywhere in inventory and...
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How do you forecast lumpy demand?
What is demand forecasting? Inventory demand forecasting is how companies predict customer demand for an inventory item over a defined...
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Big Data and Inventory Management Explained
What is big data? All successful businesses use data to develop strategies and review their outcomes. But as the number...
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Why inventory managers need to understand inventory value
Often, businesses focus on inventory management from a supply chain perspective – holding enough stock to meet customer demand and...
Demand Forecasting
A guide to optimizing your supply chain
What does supply chain optimization mean? Put simply, supply chain optimization means using technology to get inventory to the right...
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How to develop an effective supply chain strategy
What is a supply chain strategy? A supply chain strategy explains how a company will bring goods into the business...
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What are the fundamental differences between just-in-time and just-in-case stock control?
JIT v JIC stock management For years companies have operated a just-in-time (JIT) supply chain model, only ordering stock items...
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8 best inventory demand forecasting techniques
Demand forecasting techniques Demand forecasting techniques play a critical role in inventory management. If you can accurately forecast market demand,...
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