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Smart inventory managers plan for Chinese New Year many months before the event. The more prepared you are, the greater...
Excess stock, regardless of a company’s efficiency and stock control, can accumulate in the warehouse. This surplus not only occupies...
In today’s connected global economy, businesses face numerous challenges in optimising their supply chains. Suppliers are fundamental to success. If...
We know it’s stating the obvious, but if suppliers can’t fulfil your orders, you can’t meet customer demand. If you...
In previous posts, we’ve discussed the benefits of ABC classification models and how to use them to improve inventory control...
Inventory management KPIs for effective stock management Managing inventory is a complex business. Lots of activities, processes and people are...
If you’re a stock-holding business, it’s hard to balance the amount of stock you hold to meet demand with capital...
What is ABC analysis/ABC classification? Inventory management teams use ABC classification (also called ABC analysis) to help identify the most...
What is inventory turnover? Different products sell at different rates. Some will fly out of the door as soon as...
The effects of COVID-19 on global supply chains hit the shipping industry hard, with displaced containers blocking ports and causing...
For businesses that carry non-perishable goods, it’s tempting to order and carry surplus stock to help meet market demand and...
ABC analysis in inventory management Managing thousands of stock items from various suppliers and delivering them to an extensive customer...
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