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Supply chain risk mitigation

As we ride each wave of supply chain disruption, we hope it will be the last. However, the world is...

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How to overcome Red Sea supply chain disruption

Why are there global shipping issues? Once again, global shipping is experiencing potential long-term disruption, this time due to Houthi...

A close-up of a laptop with the screen showing a bar chart with orange bars, with a blue line chart over the top. The orange block shows an increasing trend, and the blue line is around the middle of the orange block but ends above it. The background is two shades of orange. How to calculate forecast accuracy and forecast error.

How to calculate forecast accuracy and forecast error

What is forecast accuracy? Forecast accuracy measures how close your demand forecast is to the actual demand value. You can...

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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...

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...

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How to Improve Forecast Accuracy: Manage Demand Outliers

What is forecasting accuracy? Forecasting accuracy is the process of calculating the accuracy of your inventory demand forecasts by comparing...

A white notebook on top of a brown, cardboar, side spiral-bound notebook at an angle with a pencil on top. There's a pair of black framed glasses at the top of the shot and a cactus in a green plant point partly in the top left corner. The background is yellow. An introduction to quantitative and qualitative inventory forecasting models

An introduction to quantitative and qualitative inventory forecasting models

Demand forecasting models Whether you’re a manufacturer, wholesaler or retailer, forecasting future demand or customer orders is the logical starting...

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7 Benefits of ERP System That Save Money & Time

How ERP add-ons can add value to your current system’s functionality Enterprise Resource Planning (ERP) systems are excellent for improving...

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Inventory Replenishment Strategies To Increase Profit

What is inventory replenishment? Inventory replenishment is the process of moving stock items along the supply chain to ensure inventory...

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What is replenishment planning, and why do you need it?

The key to unlocking effective inventory replenishment planning SMBs are under constant pressure to improve operational efficiency and service levels....

An articulated lorry backed up to the loading bay of a warehouse with its doors open. There are several pallets of boxes set on the loading bay. There are seven doors and a large canopy. The body of the lorry is red corrugated iron like a shipping container, with yellow axles and blue wheel trims. Effective stock replenishment

Effective stock replenishment: why you need it & how to achieve it

Stock replenishment is an important aspect of inventory management, as it ensures the right stock items are being reordered to...

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What is Inventory Planning: 8 Signs Why You Need It

Do you need inventory planning software? Enterprise Resource Planning (ERP) platforms are a big investment for any organization. They also...

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