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What is economic order quantity (EOQ)? Economic order quantity (EOQ) concerns the most cost-efficient method of ordering stock. The objective...
Do you need inventory planning software? Enterprise Resource Planning (ERP) platforms are a big investment for any organization. They also...
What is excess stock? Excess stock is a common term used in inventory management for when inventory levels exceed forecasted...
This is a guest post contributed by Halle Summers. Halle is a Marketing Coordinator for FASTENation Inc. When she isn’t writing...
For distributors, the day of the Excel spreadsheet is over. According to the MHI annual report, 80 percent of supply...
Holidays throw item demand into chaos for retailers – which means that distributors need to be on top of their...
Demand planning is the operational activity of analyzing historical sales and transaction data to create reliable forecasts that will drive inventory...
Safety stock inventory, also called buffer stock, is a term used by inventory and logistics managers to describe extra stock carried...
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