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In the rapidly evolving business landscape, staying ahead of the competition requires more than just good instincts – it demands...
Smart inventory managers plan for Chinese New Year (aka Lunar New Year) many months before the event. The more prepared...
What is MOQ, and how do you overcome its challenges? ABC, ERP, EOQ, JIT… acronyms are everywhere in inventory and...
What is demand forecasting? Inventory demand forecasting is how companies predict customer demand for an inventory item over a defined...
What is big data? All successful businesses use data to develop strategies and review their outcomes. But as the number...
Often, businesses focus on inventory management from a supply chain perspective – holding enough stock to meet customer demand and...
What does supply chain optimization mean? Put simply, supply chain optimization means using technology to get inventory to the right...
What is a supply chain strategy? A supply chain strategy explains how a company will bring goods into the business...
JIT v JIC stock management For years companies have operated a just-in-time (JIT) supply chain model, only ordering stock items...
Demand forecasting techniques Demand forecasting techniques play a critical role in inventory management. If you can accurately forecast market demand,...
The current causes of stockouts Since the COVID-19 pandemic took hold, businesses across the globe have faced stock availability challenges....
The product life cycle model is not only important to marketing teams and product managers; it’s also critical to any...
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