Demand Forecasting | Page 3 of 5

Four wooden cogs of different sizes on a wooden table to show supply chain resilience and optimisation

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...

Multiple pins stuck into a light table connected with string to show supply chains

Blog

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

Blog

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

Blog

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,...

Manual hydraulic lift in the foreground of an image of warehouse with shelving units behind slightly blurry

Blog

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....

Close up of an abacus with different coloured beads on each metal line - dark green light green, yellow, orange, pink and purple - on a wooden table to show how to calculate safety stock

Blog

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...

Blog

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...

Presents stacked flat on a pale blue background to represent a Christmas tree seasonal sales seasonal forecasting

Blog

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...

A crystal ball on a pale pink background to show demand forecast accuracy

Blog

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...

Blog

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

Blog

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...

Six piece white jigsaw with rounded corners with the two rows of three. The top right corner piece isn't connected ERP add-ons

Blog

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...