TOPICS » Purchasing & Replenishment

Effective Stock Replenishment: Why you need it & how…

4 min read

Stock replenishment is an important aspect of inventory management, as it ensures the right stock items are being reordered to meet customer demand. Stock (or inventory) replenishment is the process of moving items along the supply chain so they are ready to be picked and shipped, thus fulfilling orders on...Read more

ERP inventory management – how advanced is your ERP?

6 min read

Many organizations have an enterprise resource planning (ERP) system to collect, store, manage and interpret data from a host of different businesses processes. ERP systems typically allow companies to undertake tasks such as purchasing, production planning, service delivery and customer management – all from one single platform. When it comes...Read more

Inventory Carrying Costs & How They Impact Profitability

3 min read

Maintaining cost-effective inventory levels is critical for any manufacturer, wholesaler, supplier or retailer. But just how much inventory is the right amount to hold? How can you ensure you have enough to cover fluctuating demand without over-stocking? How long can you hold ‘healthy’ stock until it becomes excess or even...Read more

6 Inventory Control Techniques for Stock Optimization

6 min read

There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. So we thought we’d focus on the lesser known topic of ‘stock optimization’ – this is an inventory control technique that’s becoming more popular with inventory managers to improve the...Read more

5 Inventory Reduction Strategies to Drive Cost Savings

6 min read

For businesses that carry non-perishable goods it’s tempting to order and carry surplus stock to help meet market demand and hit order fulfillment targets. In some circumstances carrying excess stock can be a good thing: having all items in stock helps avoid costly back orders and keeps customers happy. However,...Read more

Coronavirus Series Part 3 – Improving Inventory Planning During…

5 min read

In this four-part blog series we look at the impact COVID-19 has had on supply chains and how inventory optimization software can help. So far we’ve discussed how to overcome demand forecasting challenges due to Coronavirus. In this post we focus on inventory planning and how to optimize stock levels...Read more