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Smart inventory managers plan for Chinese New Year many months before the event. The more prepared you are, the greater...
Every product goes through several phases from its launch to eventual phasing out, which is known as the product life...
What is demand forecasting? Inventory demand forecasting is how companies predict customer demand for an inventory item over a defined...
What is demand planning? Demand planning is part of a company’s planning strategy to allocate resources in the best and...
What is big data? All successful businesses use data to develop strategies and review their outcomes. But as the number...
Often, businesses focus on inventory management from a supply chain perspective – holding enough stock to meet customer demand and...
What does supply chain optimisation mean? Put simply, supply chain optimisation means using technology to get inventory to the right...
What is a supply chain strategy? A supply chain strategy explains how a company plans to bring goods into the...
In the early 1980s, just-in-time supply chain management emerged as a way for businesses to reduce stock levels and hold...
JIT v JIC stock management For years companies have operated a just-in-time (JIT) supply chain model, only ordering stock items...
Better inventory management for ecommerce businesses Since the coronavirus pandemic, the growth in ecommerce sales has been phenomenal. But if...
What is demand forecasting? We can’t accurately predict the future without being able to travel through time. So, when it...
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