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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...

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Automation Hero October 2021: TerraSana

Wouter van der Zwaan, Finance and IT Manager at TerraSana Natuurvoeding BV, was looking for a solution to improve his...

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How to manage obsolete stock in your inventory

What is obsolete stock? Obsolete stock is a term that refers to inventory that has reached the end of its...

A person using a laptop to buy something online holding a credit card in their left hand, typing with their right hand, on a light blue background. The laptop is at a right angle to the bottom on the image. Supply chain management for ecommerce success
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Ecommerce Supply Chain: Benefits of Ecommerce Supply Chain

Supply chain management in eCommerce The growth of eCommerce in both the B2C and B2B sectors has bought a wealth...

A white pole with a white arrow road sign pointing left, just under a white arrow road sign pointing right. The left-facing arrow is on a red background, and the right-facing arrow is on a blue background. What's better? You ERP system or inventory optimisation software?
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EazyStock vs your ERP: Who wins the inventory management battle?

One of the most common questions we receive is “We already have an ERP inventory module. Why do we need...

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A guide to the benefits of a bill of materials (BOM)

What is a bill of materials (BOM)? In its simplest form, a bill of materials (BOM) is a list of...

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Seasonal Demand Forecasting: What It Is & Why It’s Important

Seasonal demand forecasting Seasonal demand forecasting can often be one of the most difficult areas of your inventory management processes...

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Bill of materials inventory management: How to improve BOM forecasting and planning

When finished goods are built from a set of components, a Bill of Materials (BOM) is extremely useful for inventory...

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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...

A white notebook on top of a brown, cardboar, side spiral-bound notebook at an angle with a pencil on top. There's a pair of black framed glasses at the top of the shot and a cactus in a green plant point partly in the top left corner. The background is yellow. An introduction to quantitative and qualitative inventory forecasting models
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An introduction to quantitative and qualitative inventory forecasting models

Demand forecasting models Whether you’re a manufacturer, wholesaler or retailer, forecasting future demand or customer orders is the logical starting...

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