Demand Forecasting

Close up of a tablet in someone's hand showing inventory data with a warehouse in the background managing inventory in a growing business

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How To Manage Inventory Effectively (2024 Guide)

Inventory management, business growth and expanding product ranges Businesses can expand their product portfolios for several reasons. Sometimes, because customers...

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Demand forecasting challenges – how to deal with fluctuating demand

Global marketplaces have been rocked over recent years, with customer demand and inventory supply more erratic and complex than ever...

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Overcoming inventory management challenges

The last few years have seen the world rocked by many chaotic events. The global pandemic, continuing extreme weather events,...

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Sustainable supply chain management

Improving businesses and the environment In today’s fast-paced business landscape, inventory management plays a crucial role in determining a company’s...

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Data-driven inventory management: The secret to business success

In the rapidly evolving business landscape, staying ahead of the competition requires more than just good instincts – it demands...

Traditional red Chinese New Year lanterns for Chinese New Year supply chain disruptions

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Inventory planning to reduce Chinese New Year disruption

Smart inventory managers plan for Chinese New Year many months before the event. The more prepared you are, the greater...

Gold bars stacked three on the bottom, two in the middle and one on the top on a pink background to show a bell curve of a product lifecycle

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The inventory planners guide to managing the product life cycle

Every product goes through several phases from its launch to eventual phasing out, which is known as the product life...

Coloured pencils in a line on a grey background at different heights going up and down from shades of blue, to green to yellow to orange, to red to purple

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How do you forecast lumpy demand?

What is demand forecasting? Inventory demand forecasting is how companies predict customer demand for an inventory item over a defined...

Red binoculars at a lookout point looking over the horizon as the sun is rising demand planning and forecasting

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The fundamentals of demand planning and forecasting

What is demand planning? Demand planning is part of a company’s planning strategy to allocate resources in the best and...

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Big data and inventory management

What is big data? All successful businesses use data to develop strategies and review their outcomes. But as the number...

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Artificial intelligence and machine learning in supply chain management

As global supply chains become more complex, disruption in one link in the chain can significantly impact other areas. Having...

A white calculator with an orange frame around the screen next to a white pen with an orange surround around the tip and the top on a spreadsheet

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Why inventory managers need to understand inventory value

Often, businesses focus on inventory management from a supply chain perspective – holding enough stock to meet customer demand and...