Buy 2 get 1 free tag hanging in a shopping mall why 3 for 2 offers can lead to excess inventory
Blog

Why “3 for 2” isn’t always a good deal

When good deals become bad decisions: How to avoid excess inventory Excess inventory rarely stems from bad intentions; it usually...

Traditional red Chinese New Year lanterns for Chinese New Year supply chain disruptions
Blog

Inventory planning to reduce Chinese New Year disruption

Smart inventory managers plan for Chinese New Year (aka Lunar New Year) many months before the event. The more prepared...

Rekenmachine op een geprint spreadsheet
Artificial intelligence

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...

Piles of coins of different heights on a blue background with light shining on the two of the piles 5 inventory reduction methods to deliver cost savings
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5 cost-saving inventory reduction strategies

For businesses that carry non-perishable goods, it’s tempting to order and carry surplus stock to help meet market demand and...

Blog

An introduction to quantitative and qualitative demand forecasting models

What is demand forecasting? Demand forecasting is the process of predicting future customer demand for your products to help with...

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

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...

chain on a city background building supply chain resilience
Blog

Five steps to building a resilient supply chain

In the face of unprecedented global events that have posed significant challenges to businesses across the supply chain, the importance...

Different coloured cogs of different sizes connected on a yellow background supply chain risk mitigation strategies supply chain risk strategies
Blog

Supply chain risk mitigation

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

Very old-fashioned and early camera against a blight brown backdrop to show obsolete stock
Blog

How to manage dead stock

Having enough stock to meet demand is fundamental to stock-holding businesses. Running out of stock leads to lost sales and...

Broken chain with the broken link glowing red at the ends improving inventory planning during times of disruption
Blog

Improving inventory planning during supply chain disruption

This post focuses on inventory planning and optimizing stock levels during periods of supply chain disruption and erratic customer behavior....

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.
Blog

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...

Metal shopping trolley with a yellow handle on a red background
Blog

Overcoming Black Friday purchasing and warehouse challenges

Black Friday (Nov 24 this year) is one of the year’s biggest shopping days when physical stores and eCommerce tempt...