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Fundamentals of Demand Planning and Forecasting

What is demand planning? Demand planning is part of a company’s planning strategy to allocate resources in the best and...

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Demand forecasting challenges – how to deal with fluctuating demand

Global marketplaces have been rocked over recent years, with customer demand and inventory supply more erratic and complex than ever...

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Overcoming inventory management challenges

Chaos has rocked the world the last few years. The global pandemic, continuing extreme weather events, conflict and natural disasters...

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Sustainable Supply Chain Management Software

Improving businesses and the environment  In today’s fast-paced business landscape, inventory management plays a crucial role in determining a company’s...

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Data-driven inventory management: the secret to business success

In the rapidly evolving business landscape, staying ahead of the competition requires more than just good instincts – it demands...

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The inventory planner’s guide to managing product life cycle

Every product goes through several phases from its launch to eventual phasing out, which is known as the product life...

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How do you forecast lumpy demand?

What is demand forecasting? Inventory demand forecasting is how companies predict customer demand for an inventory item over a defined...

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Big data and inventory management explained

What is big data? All successful businesses use data to develop strategies and review their outcomes. But as the number...

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Why inventory managers need to understand inventory value

Often, businesses focus on inventory management from a supply chain perspective – holding enough stock to meet customer demand and...

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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...