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Peter Drakeley

A dark wooden table with three wooden ABC blocks on their sides. The A is outlined in red, the B is outlines in orange and the C is outlined in blue. Just below them is a wooden abacus lying flat on the table with 1 2 3 4 5 etched into the top and rows of beads in red and yellow partly visible and green and orange rows partly visible.

How to calculate ABC classification – a working example

What is ABC analysis/ABC classification? Inventory management teams use ABC classification (also called ABC analysis) to help identify the most...

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Different-sized cardboard boxes on conveyor rollers ready to be shipped by courier for distribution in warehouse. How to improve inventory turnover

How to improve inventory turnover – six simple steps

The benefits of improving your inventory turnover If you carry a lot of stock items, you’ll likely have a significant...

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Closeup of multiple cardboard box packages seamlessly moving along a conveyor belt in a warehouse fulfilment centre using stockturn to optimise your inventory

Using stock turn rate to optimise your inventory management

For many businesses looking to improve their inventory management, a critical KPI is stock turn rate. Stock turn rate is...

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A robot hand placing a circular wooden block into a circular hole in a wooden box

5 Benefits of artificial intelligence in supply chain management

As global supply chains become more complex, disruption in one link can significantly impact other areas. Therefore, it is essential...

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A yellow background with three red, wooden blocks stacked on top of each other haphazardly the top one has a pink A, the middle one has a pale blue B and the bottom one has a yellow c ABC analysis in stock management

Importance of ABC analysis in inventory management

ABC analysis in inventory management Managing thousands of stock items from various suppliers and delivering them to an extensive customer...

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Cardboard boxes flowing down a production line roller conveyor belt with a blurred background of a warehouse to show stock turnover

How to calculate inventory turnover ratio – what’s good and bad?

What is inventory turnover? Different products sell at different rates. Some will fly out of the door as soon as...

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A blue background with three white circles on the right-hand side of slightly different sizes with cut-out question marks showing the blue background

Why is inventory optimisation better than inventory management?

Inventory optimisation is an often-misunderstood term. It isn’t just a fancy way of saying inventory management; it’s a way to...

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

What is a just-in-case inventory management strategy?

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

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Arms of a woman wearing a yellow jumper holding a gold credit card buying something using her phone while a man in a blue/grey jumper sits next to her and has his hand resting on the one that's holding the phone. There's an iPad on a dark wooden table in front of them how to optimise inventory management for ecommerce

How to improve eCommerce inventory management

Better inventory management for ecommerce businesses Since the coronavirus pandemic, the growth in ecommerce sales has been phenomenal.  But if...

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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

How to calculate safety stock (the right way)

Why should I calculate and use safety stock? Determining appropriate levels of stock across a business can be very challenging....

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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

A guide to supply chain management in eCommerce

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

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Reorder point formula – what every inventory planner needs to know

The reorder point formula The reorder point formula works out when stock hits a level at which it’s the right...

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