Inventory Optimization | Page 3 of 7

A close up of a computer screen at an angle showing rows of code in different coloured text to show software

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Distribution Software Explained: What Is It & Benefits

The importance of distribution software When the cost of raw materials and finished goods starts to soar, it’s critical for...

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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...

A white calculator with an orange frame around the screen next to a white pen with an orange surround around the tip and the top on a spreadsheet

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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...

A low automated guided cart following a yellow line around a warehouse with a box on top next to a rack of shelving with boxes warehouse technology and supply chain management

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Automated Warehouse Systems Explained: Types & Benefits

Warehouse technologies and automated systems can help solve warehouse and supply chain issues cost-effectively. The right technologies can increase efficiency...

Four wooden cogs of different sizes on a wooden table to show supply chain resilience and optimisation

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...

Boxes on a low loader in the middle of an aisle in a warehouse with shelves either side stacked with boxes

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Just-In-Case Inventory Management Strategy Explained

In the early 1980s, just in time supply chain management emerged as a way for businesses to reduce stock levels...

Brown boxes with small white labels in the top left corner all stacked on top of each other so you can only see boxes safety stock why safety stock is important

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4 reasons for carrying safety stock inventory

You’re a manufacturer who is working on an order when you realize that you’re out of a necessary component due...

Close up of an abacus with different coloured beads on each metal line - dark green light green, yellow, orange, pink and purple - on a wooden table to show how to calculate safety stock

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How to calculate safety stock: three different calculations

Determining appropriate levels of stock across a business can be very challenging. If you carry too much inventory, you risk...

Forklift Tractor Loading Package Boxes into Cargo Container at a warehouse

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Reorder point planning – how to calculate reorder points

What is reorder point planning? Reordering point planning involves calculating when stock levels hit a point at which it’s the...

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How to manage seasonality of demand to increase forecasting accuracy

Fact: not every product in your warehouse sells at the same pace throughout the year. Some will experience peaks and...

A person using a laptop to buy something online holding a credit card in their left hand, typing with their right hand, on a light blue background. The laptop is at a right angle to the bottom on the image. Supply chain management for ecommerce success

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Ecommerce Supply Chain: Benefits of Ecommerce Supply Chain

Supply chain management in eCommerce The growth of eCommerce in both the B2C and B2B sectors has bought a wealth...