8 Best Inventory Demand Forecasting Techniques

5 min read

Demand forecasting techniques play a critical role in inventory management. If you can accurately forecast market demand, you can take action to ensure you hold the correct stock to maximize sales and profit. However, producing an accurate inventory demand forecast is no mean feat. In this post we uncover eight...Read more

A Guide to the Benefits of a Bill of…

4 min read

In its simplest form, a bill of materials (BOM) is a list of components, parts or materials required to manufacture, assemble or repair a product. A BOM is often hierarchical, with the finished product at the top and sub-items below. In inventory management a BOM is critical to ensure the...Read more

Bill of Materials Inventory management: How to improve BOM…

4 min read

When finished goods are built from a set of components, a Bill of Materials (BOM) is extremely useful for inventory management purposes. A bill of materials is usually associated with production planning in manufacturing, and is typically used in manufacturing software such as materials resource planning systems (MRPs). BOMs are...Read more

How to Calculate and Apply ABC Classification of Inventory

4 min read

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC classification (otherwise known as ABC analysis). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of...Read more

Why You Need ABC Analysis in Inventory Management

4 min read

ABC inventory analysis is a method used to classify a business’s stock items into three categories – A, B and C, based on their value to the business. A items are the most important in terms of the value they bring a company, while C items are the least valuable....Read more

How to Minimize Impacts from Supply Chain Disruption

8 min read

As globalization extends supply chains around the world, the likelihood of negative impacts stemming from supply chain disruption increases. Supply chain disruptions are an inevitability for any supply chain, though the severity of the impacts can vary. In this piece, we’ll take a look at some of the top types...Read more