Inventory Management Blog

A close up of a dart board lying slightly to the left on a light background with one red dart in the bullseye to show inventory KPIs

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10 Inventory management KPIs for 2024

Inventory management KPIs for effective stock management Managing inventory is a complex business. Lots of activities, processes and people are...

A low automated guided cart following a yellow line around a warehouse with a box on top next to a rack of shelving with boxes warehouse technology and supply chain management

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Benefits of warehouse automation in supply chain management

Warehouse technologies and automated systems can help solve warehouse and supply chain issues cost-effectively. The right technologies can increase efficiency...

A wall of carboard boxes stacked next to and on top of each other, set back and forward in their stacks steps to reduce excess and obsolete inventory

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5 steps to reduce excess and obsolete inventory in 2024

If you type ‘excess inventory’ or ‘obsolete inventory’ into any search engine, you’ll find a wealth of companies offering to...

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How to deal with fluctuating demand when forecasting 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,...

Brown boxes with small white labels in the top left corner all stacked on top of each other so you can only see boxes safety stock why safety stock is important

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Importance of safety stock in inventory management (2024 Guide)

What is safety stock? Safety stock, sometimes called buffer stock, is an important aspect of inventory management and should be...

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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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Why is data-driven inventory management important?

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...

Cardboard boxes flowing down a production line roller conveyor belt with a blurred background of a warehouse to show stock turnover

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How to calculate inventory turnover ratio – what’s good and bad?

What is inventory turnover? Different products sell at different rates. Some will fly out of the door as soon as...

Different coloured coins balancing in a pile with others scattered on a table.

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How does inflation affect global supply chains?

Supply chain managers and inventory management professionals face a constant barrage of supply-chain crises, with one always waiting around the...