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The growth of ecommerce in 2020 was phenomenal, as more customers, B2B and B2C alike, shopped online due to the Covid-19 pandemic. In Q3 of 2020 Amazon reported sales up 37% year-on-year, with eBay close behind on 25%. In June 2020 a UK study revealed that almost half (46%) of...Read more
Determining appropriate levels of stock across a business can be very challenging. If you carry too much inventory, you risk tying-up much needed working capital. But if you don’t carry enough, you face stock-outs and reduced service levels. An important piece of this puzzle is to accurately calculate safety stock levels. Safety...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