Feature Authors

Peter Drakeley

Peter Drakeley is CRO and Chief Inventory Optimization Geek at EazyStock, sharing a wealth of experience working with businesses of all sizes across diverse industries. Peter is a versatile supply chain expert with a keen interest in AI applications. Such is his passion for inventory that after a long day of optimizing, he spends his nights deep in textbooks, finalizing his PhD in Supply Chain Systems Adoption. When he’s not optimizing, Peter can be found coaching sports teams, reading, and playing rock ‘n’ roll. He used to be in a band but never talks about it.

How to cut inventory costs efficiently

If you’re a stock-holding business, it’s hard to balance the amount of stock you hold to meet demand with capital...

What is artificial intelligence?

AI technology is developing rapidly, with new features hitting the headlines almost daily as companies jostle to showcase their products...

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 analysis – a working example

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

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 optimize your inventory management

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

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...

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

The 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...

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

What is inventory optimization?

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

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: three different calculations

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

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

How to manage your supply chain for eCommerce success

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

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 with inventory optimization

How to increase inventory turnover with inventory optimization The concept of inventory optimization helps many businesses improve their inventory turnover...

COVID-19: Managing Supply Chain Risk and Disruption

In our four-part blog series on Coronavirus and its impact on inventory management, so far we’ve looked at how to...

COVID-19 Inventory Planning Guide

In this four-part blog series we look at the impact COVID-19 has had on supply chains and how inventory optimization...