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We know it’s stating the obvious, but if suppliers can’t fulfill your orders, you can’t meet customer demand. If you...
What is ABC analysis/ABC classification? Inventory management teams use ABC classification (also called ABC analysis) to help identify the most...
The effects of COVID-19 on global supply chains hit the shipping industry hard, with displaced containers blocking ports and causing...
For businesses that carry non-perishable goods, it’s tempting to order and carry surplus stock to help meet market demand and...
What is demand forecasting? Demand forecasting is the process of predicting future customer demand for your products to help with...
Smart inventory managers plan for Chinese New Year (aka Lunar New Year) many months before the event. The more prepared...
As global supply chains become more complex, disruption in one link can significantly impact other areas. Therefore, it is essential...
Having enough stock to meet demand is fundamental to stock-holding businesses. Running out of stock leads to lost sales and...
This post focuses on inventory planning and optimizing stock levels during periods of supply chain disruption and erratic customer behavior....
8 reasons you’re carrying too much inventory What is excess inventory? Excess inventory refers to when stock for an item...
Inventory is pivotal to business success. Without it, you can’t provide the items your customers need, and you’ll probably go...
ABC analysis in inventory management Managing thousands of stock items from various suppliers and delivering them to an extensive customer...
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