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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,...

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Sustainable supply chain management explained

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...

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...

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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...

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Inventory management strategies during an economic downturn

Companies that use the right strategies in purchasing and logistics can gain advantages during these unique, uncertain times and, during...

Silver scissors open on a yellow background why cutting software budgets could cost you more in the long run
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The hidden costs of cutting software budgets

As we navigate a cost-of-living crisis that has seen prices and inflation soar, budgets are becoming tighter at home and...

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Why is inventory optimisation better than inventory management?

Inventory optimisation is an often-misunderstood term. It isn’t just a fancy way of saying inventory management; it’s a way to...

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Big data and inventory management explained

What is big data? All successful businesses use data to develop strategies and review their outcomes. But as the number...

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Why inventory managers need to understand inventory value

Often, businesses focus on inventory management from a supply chain perspective – holding enough stock to meet customer demand and...

Four wooden cogs of different sizes on a wooden table to show supply chain resilience and optimisation
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The ultimate guide to supply chain optimisation

What does supply chain optimisation mean? Put simply, supply chain optimisation means using technology to get inventory to the right...