Using stock turn rate to optimize your inventory management
For many businesses looking to improve their inventory management, a critical KPI is stock turn rate. Stock turn rate is...
Artificial intelligence
5 Benefits of artificial intelligence in supply chain management
As global supply chains become more complex, disruption in one link can significantly impact other areas. Therefore, it is essential...
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Five steps to building a resilient supply chain
In the face of unprecedented global events that have posed significant challenges to businesses across the supply chain, the importance...
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Supply chain risk mitigation
As we ride each wave of supply chain disruption, we hope it will be the last. However, the world is...
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How to manage dead stock
Having enough stock to meet demand is fundamental to stock-holding businesses. Running out of stock leads to lost sales and...
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Improving inventory planning during supply chain disruption
This post focuses on inventory planning and optimizing stock levels during periods of supply chain disruption and erratic customer behavior....
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The causes of excess inventory
8 reasons you’re carrying too much inventory What is excess inventory? Excess inventory refers to when stock for an item...
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Demystifying key inventory terms: Your inventory optimization glossary
Inventory optimization is a complex but crucial aspect of supply chain management. However, if you haven’t heard of inventory optimization,...
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What are the disadvantages of excess inventory?
Inventory is pivotal to business success. Without it, you can’t provide the items your customers need, and you’ll probably go...
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The importance of ABC analysis in inventory management
ABC analysis in inventory management Managing thousands of stock items from various suppliers and delivering them to an extensive customer...
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Overcoming Black Friday purchasing and warehouse challenges
Black Friday (Nov 24 this year) is one of the year’s biggest shopping days when physical stores and eCommerce tempt...
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How to manage inventory effectively (2024 guide)
Inventory management, business growth and expanding product ranges There are several reasons you could be expanding your product portfolios. Whether...
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