As any inventory manager will tell you; it doesn’t matter how sophisticated their ERP software is, they still have to use spreadsheets to manually set reordering parameters and then input the information back into their system, so it can inform purchasing decisions. Unfortunately, Microsoft Dynamics 365 Business Central is no...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 apparent that those supply chain management (SCM) teams that have been able to adapt their operations and respond quickly to...Read more

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

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