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You’re a manufacturer who is working on an order when you realize that you’re out of a necessary component due...
JIT v JIC stock management For years companies have operated a just-in-time (JIT) supply chain model, only ordering stock items...
The effects of COVID-19 on global supply chains have been far reaching. The shipping industry in particular has been hit...
Demand forecasting techniques Demand forecasting techniques play a critical role in inventory management. If you can accurately forecast market demand,...
The current causes of stockouts Since the COVID-19 pandemic took hold, businesses across the globe have faced stock availability challenges....
The product life cycle model is not only important to marketing teams and product managers; it’s also critical to any...
Determining appropriate levels of stock across a business can be very challenging. If you carry too much inventory, you risk...
What is reorder point planning? Reordering point planning involves calculating when stock levels hit a point at which it’s the...
Fact: not every product in your warehouse sells at the same pace throughout the year. Some will experience peaks and...
Supply chain management in eCommerce The growth of eCommerce in both the B2C and B2B sectors has bought a wealth...
One of the most common questions we receive is “We already have an ERP inventory module. Why do we need...
When finished goods are built from a set of components, a Bill of Materials (BOM) is extremely useful for inventory...
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