Maintaining cost-effective inventory levels is critical for any manufacturer, wholesaler, supplier or retailer. But just how much inventory is the right amount to hold? How can you ensure you have enough to cover fluctuating demand without over-stocking? How long can you hold ‘healthy’ stock until it becomes excess or even...Read more

Shamil Patel, Director at Allparts, has driven the change from using “paper and pen” to now using an automated tool for inventory optimisation. This has led to more satisfied customers and healthier stock. That’s why he’s April’s Automation Hero!  Name: Shamil Patel Title: Director Company: Allparts Congratulations on winning the...Read more

The economic order quantity (EOQ) model is a fairly popular means of calculating inventory reorder quantities and working out how many orders to place per annum. However, EOQ is often criticised for being over-simplistic and relying on consistent data inputs which don’t really reflect reality. In this post we take...Read more

Inventory management is crucial to ensuring businesses have agile and efficient supply chain operations. However, having control over every inventory item often ends up being a time-consuming and frustrating endeavor for most inventory teams, as they rarely have the right tools in place to get the job done well. This...Read more

The economic order quantity model is used in inventory management to support replenishment activity. But just how useful is it in reality? Can such a simple formula really be applied to today’s complex supply chains? In this post we find out more… In inventory management, economic order quantity (EOQ) is...Read more

The world is facing unprecedented times as the effects and consequences of COVID-19 make their mark on businesses large and small. Many organisations are working hard to make the right decisions under extreme pressure right now. The situation can seem overwhelming, but there are some things you can do to...Read more