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2021 is set to be another tough year for supply chain management teams. Effective supply chain planning is more critical than ever to overcome challenges such as Covid-19 and Brexit, together with global and local economic and political uncertainty. Here’s our three-step, no-fail approach to resilient supply chain planning. We...Read more
Right now, UK businesses are dealing with unprecedented times. The economic, social and political landscape in the UK is more uncertain than ever as we move into 2021. Not only have businesses got to deal with the impact of Covid-19, but they are also being urged by the Government to...Read more
The growth of ecommerce in both the B2C and B2B sectors has bought a wealth of opportunities for businesses to expand their reach, use omnichannel sales and target new customers. But at the same time, it also brings intense competition, with new players, both large and small, continually entering the...Read more
Safety stock, sometimes called buffer stock, is important at all stages of the supply chain. Safety stock is the extra level of stock (raw materials or finished goods) that businesses carry to mitigate the risk of run-out, due to uncertainties in supply or demand. For example, manufacturers may carry safety...Read more
For many years, inventory-holding businesses have used stock days in their inventory management calculations, to work out if they’ve got the right amount of stock to fulfill orders. In this blog post we’re going to explain why this methodology is unsuitable for today’s trading environment and introduce service levels as...Read more
A common way to calculate inventory reorder points is to use a formula that focuses on ordering a specific number stock days. These calculations are done manually, often in excel, and the data is then input into an ERP system, so it has the relevant parameters to create reorder alerts....Read more