How to Deal with Excess Stock in Your Inventory

4 min read

Excess Stock is a term used in inventory management, and is often called a number of different things; overstock, stock surplus, excessive stock, or excess inventory. No matter what you call it, one thing that remains constant is the threat excess stock represents to your company’s bottom line. Companies that...Read more

6 Questions to Ask Yourself About Your Inventory Turnover

2 min read

Inventory turnover is a measurement of the number of times inventory is sold or used in a given time period. Most companies will measure their inventory turnover over the course of a year long time period. The equation for inventory turnover equals the Cost of goods sold divided by the average...Read more

How to Better Manage Safety Stock Inventory Levels

2 min read

Safety stock inventory (also called buffer stock) is a term used by inventory and logistics managers to describe a level of extra stock that is maintained to mitigate risk of stockouts (shortfall in raw material) due to uncertainties in supply and demand. Safety stock is an addition to normal or...Read more

4 Ways to Stay on Top of Your Demand…

3 min read

Demand forecasting is an estimated demand of what will be required to fulfill customer request over a defined future period of time. Knowledge of how demand will fluctuate enables a company to keep the right amount of stock on hand without over stocking or under stocking specified items.If demand is...Read more