TOPICS » Demand Forecasting

2021 Strategies for Inventory Management and Supply Chain Recovery

4 min read

You already know the biggest supply chain disruption of 2020: the COVID-19 pandemic. Despite increasing vaccine approval, the pandemic is far from over. A vaccine won’t magically eradicate the coronavirus; instead, it will take the vaccine coupled with additional widespread safety measures to usher in a ‘new normal’ – optimistically,...Read more

ERP inventory management – how advanced is your ERP?

6 min read

Many organizations have an enterprise resource planning (ERP) system to collect, store, manage and interpret data from a host of different businesses processes. ERP systems typically allow companies to undertake tasks such as purchasing, production planning, service delivery and customer management – all from one single platform. When it comes...Read more

How to Manage Seasonality of Demand to Increase Forecasting…

4 min read

Fact: not every product in your warehouse sells at the same pace throughout the year. Some will experience peaks and troughs in their sales due to the coming and going of seasons and months. While you may think this is an obvious statement, many businesses still struggle to forecast for...Read more

6 Inventory Control Techniques for Stock Optimization

6 min read

There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. So we thought we’d focus on the lesser known topic of ‘stock optimization’ – this is an inventory control technique that’s becoming more popular with inventory managers to improve the...Read more

Calculating Forecast Accuracy & Forecast Error

3 min read

In supply chain management it’s important to be able to measure the accuracy of your demand forecasts. Inaccurate demand forecasting can lead to the accumulation of excess stock or the reverse: issues with product availability. Both are unwelcome problems for inventory planners! Ensuring demand forecasting accuracy should be a key...Read more

5 Inventory Reduction Strategies to Drive Cost Savings

6 min read

For businesses that carry non-perishable goods it’s tempting to order and carry surplus stock to help meet market demand and hit order fulfillment targets. In some circumstances carrying excess stock can be a good thing: having all items in stock helps avoid costly back orders and keeps customers happy. However,...Read more