Peter Drakeley, Author at EazyStock

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...

Ein roter Hintergrund mit Holzblöcken, die mit A, B und C gekennzeichnet sind. Das A ist in Rot mit einem roten Rand, das B ist in Gelb mit einem gelben Rand und das C ist in Blau mit einem blauen Rand ABC-Analyse ABC XYZ

An explanation of ABC XYZ inventory analysis and why it adds value

In previous posts, we’ve discussed the benefits of ABC classification models and how to use them to improve inventory control...

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...

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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 close up of a dart board lying slightly to the left on a light background with one red dart in the bullseye to show inventory KPIs

14 Supply chain and inventory management KPIs for effective inventory analysis

Inventory management KPIs for effective stock management Managing inventory is a complicated process. Many activities, processes, and people are involved...

Sustainable Supply Chain Management Software

Improving businesses and the environment In today’s fast-paced business landscape, inventory management plays a crucial role in determining a company’s...

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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How Does Inflation Affect Supply Chains?

Supply chain managers and inventory management professionals face a constant barrage of supply chain crises, with one always waiting around...

Silver scissors open on a yellow background why cutting software budgets could cost you more in the long run

Why cutting software budgets now could cost you money in the long run

As we navigate a cost-of-living crisis that has seen prices and inflation soar, budgets are becoming tighter at home and...

Abstract tech background made of printed circuit board. Depth of field effect and bokeh. internet connections, cloud computing and neural network, big data.

How cloud computing can make supply chains more competitive

Many more traditional supply chain strategies originated in a steadier business environment. When business cycles are predictable, and demand is...

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

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...