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Understanding minimum order quantity (MOQ) and its issues

What is an MOQ, and how do you overcome its challenges? ABC, ERP, EOQ, JIT…acronyms are everywhere in inventory and...

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Warehouse management systems and supply chain resilience

Since the effects of the coronavirus pandemic hit businesses across the globe, supply chain digitalisation has moved to the top...

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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...

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How to develop an effective supply chain strategy

What is a supply chain strategy? A supply chain strategy explains how a company plans to bring goods into the...

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What is a just-in-case inventory management strategy?

In the early 1980s, just-in-time supply chain management emerged as a way for businesses to reduce stock levels and hold...

A wooden dice with a plus sign on one side and minus sign on the adjacent side on a wooden table next to a light blue wall what are the fundamental differences between jut-in-time and just-in-case stock control
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Just-in-time vs Just-in-case stock control – a guide

JIT v JIC stock management For years companies have operated a just-in-time (JIT) supply chain model, only ordering stock items...

Arms of a woman wearing a yellow jumper holding a gold credit card buying something using her phone while a man in a blue/grey jumper sits next to her and has his hand resting on the one that's holding the phone. There's an iPad on a dark wooden table in front of them how to optimise inventory management for ecommerce
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How to improve eCommerce inventory management

Better inventory management for ecommerce businesses Since the coronavirus pandemic, the growth in ecommerce sales has been phenomenal.  But if...

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Reorder point planning: How to calculate reorder points

What is reorder point planning? Reordering point planning involves calculating when stock levels hit a point at which it’s the...

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8 Reasons to improve demand and inventory planning

Do you need better demand and inventory planning? Many inventory planners find that their current processes are sufficient for basic...

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Reorder point formula – what every inventory planner needs to know

The reorder point formula The reorder point formula works out when stock hits a level at which it’s the right...

Close up of piles of coins stacked next to each other with coins scattered on the table in front of the pile inventory replenishment best practice to increase profits
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Inventory replenishment best practice to increase profits

What is inventory replenishment? Inventory replenishment (stock replenishment) is the process of moving stock items along the supply chain to...

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Bill of materials’ (BOM) importance in inventory management

What is a bill of materials (BOM)? In its simplest form, a bill of materials (BOM) is a list of...