In its simplest form, a bill of materials (BOM) is a list of components, parts or materials required to manufacture, assemble or repair a product. A BOM is often hierarchical, with the finished product at the top and sub-items below. In inventory management a BOM is critical to ensure the...Read more

As globalisation encourages supplier networks to extend across the world, the likelihood of supply chain disruption increases. Supply chain disruption is when events, sometimes planned, sometimes unpredictable, affect the supply of inventory. Often, if not dealt with effectively, it can make it challenging to fullfil orders on time and, as...Read more

Stock classification is an important part of effective inventory management. By grouping stock items based on their value to your business you can prioritise which items to stock/not stock and in what quantities. It can also help you focus you time, in terms of analysis, forecasting and ordering, to the...Read more

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

In our four-part-blog series on coronavirus and its impact on inventory management we’ve so far looked at how to overcome Covid-19 demand forecasting challenges and improving inventory planning during the pandemic. Now we’re going to focus on mitigating the risks of supply chain disruption as we move in and out...Read more

In this four-part blog series we look at the impact Covid-19 is having on supply chains and how inventory optimisation software can help. So far we’ve discussed how to overcome demand forecasting challenges due to the coronavirus. In this post we focus on inventory planning and how to optimise stock...Read more