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Blog

What is inventory optimization?

Inventory optimization is an often-misunderstood term. It isn’t just a fancy way of saying inventory management; it’s a way to...

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Distribution Software Explained: What Is It & Benefits

The importance of distribution software When the cost of raw materials and finished goods starts to soar, it’s critical for...

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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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Automated Warehouse Systems Explained: Types & Benefits

Warehouse technologies and automated systems can help solve warehouse and supply chain issues cost-effectively. The right technologies can increase efficiency...

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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...

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Just-In-Case Inventory Management Strategy Explained

In the early 1980s, just in time supply chain management emerged as a way for businesses to reduce stock levels...

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4 reasons for carrying safety stock inventory

You’re a manufacturer who is working on an order when you realize that you’re out of a necessary component due...

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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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Reorder point planning – how to calculate reorder points

What is reorder point planning? Reordering point planning involves calculating when stock levels hit a point at which it’s the...

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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...