Visit your local website for products & services specific to your country.
The growth of ecommerce in 2020 has been 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%)...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
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
There are hundreds of inventory control blog posts on how to organise warehouses, track goods and pick and pack efficiently. So we thought we’d focus on the best inventory control methods to to manage your inventory well and ensure stock availability, Effective inventory control techniques are at the heart of...Read more
The coronavirus pandemic has highlighted many weaknesses in supply chains across the globe. Common challenges include unpredictable customer behaviour, unreliable inventory supplies, rising logistical costs and internal capacity constraints. It’s already apparent that those supply chain management (SCM) teams that can adapt their operations and respond quickly to these issues...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