TOPICS » Purchasing & Replenishment

Using ABC Analysis in Inventory Management

4 min read

ABC inventory analysis is a method used to classify a business’s stock items into three categories – A, B and C, based on their value to the business. A items are the most important in terms of the value they bring a company, while C items are the least valuable....Read more

How to Improve Inventory Turnover with Inventory Optimization

5 min read

The concept of inventory optimization helps many businesses improve their inventory turnover – without damaging stock availability. This post will explain how, but first, let’s deal with a few simple definitions. Many stock-holding businesses have a significant amount of working capital invested in inventory sitting in their warehouse. The quicker...Read more

Inventory Replenishment Strategies that Increase Profits

5 min read

Inventory replenishment is the process of moving stock items along the supply chain to ensure inventory levels are sufficient to cover demand. Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control. Any business that carries inventory needs to avoid stockouts...Read more

How to Optimize Inventory Management for eCommerce

5 min read

The growth of eCommerce in 2020 was phenomenal as more customers, B2B and B2C alike, shopped online due to the COVID-19 pandemic. In Q3 of 2020 Amazon reported sales up 37% year-on-year, with eBay close behind at 25%. Forrester projects that B2B eCommerce transactions will reach $1.8 trillion by 2023,...Read more

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