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Demand Forecasting

A guide to optimizing your supply chain

What does supply chain optimization mean? Put simply, supply chain optimization means using technology to get inventory to the right...

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How to develop an effective supply chain strategy

What is a supply chain strategy? A supply chain strategy explains how a company will bring goods into the business...

A wooden dice with a plus sign on one side and minus sign on the adjacent side on a wooden table next to a light blue wall what are the fundamental differences between jut-in-time and just-in-case stock control
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What are the fundamental differences between just-in-time and just-in-case stock control?

JIT v JIC stock management For years companies have operated a just-in-time (JIT) supply chain model, only ordering stock items...

Black binoculars lying flat on a green background. The photo is taken from above. Demand forecasting techniques for better inventory management
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8 best inventory demand forecasting techniques

Demand forecasting techniques Demand forecasting techniques play a critical role in inventory management. If you can accurately forecast market demand,...

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5 ways better inventory management can prevent stockouts

The current causes of stockouts Since the COVID-19 pandemic took hold, businesses across the globe have faced stock availability challenges....

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How to calculate safety stock: three different calculations

Determining appropriate levels of stock across a business can be very challenging. If you carry too much inventory, you risk...

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How to manage seasonality of demand to increase forecasting accuracy

Fact: not every product in your warehouse sells at the same pace throughout the year. Some will experience peaks and...

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What is seasonal demand forecasting, and why is it important?

Seasonal demand forecasting Seasonal demand forecasting can often be one of the most difficult areas of your inventory management processes...

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How to Improve Forecast Accuracy: Manage Demand Outliers

What is forecasting accuracy? Forecasting accuracy is the process of calculating the accuracy of your inventory demand forecasts by comparing...

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Impact of Supply Chain Disruption Explained

As globalization extends supply chains around the world, the likelihood of negative impacts stemming from supply chain disruption increases. Supply...

Different-sized cardboard boxes on conveyor rollers ready to be shipped by courier for distribution in warehouse. How to improve inventory turnover
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How to improve inventory turnover with inventory optimization

How to increase inventory turnover with inventory optimization The concept of inventory optimization helps many businesses improve their inventory turnover...

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7 Efficiency benefits of ERP System add-ons

How ERP add-ons can add value to your current system’s functionality Enterprise Resource Planning (ERP) systems are excellent for improving...