If you’re managing inventory, you already know how crucial it is to get the timing right. Enter the Reorder Point (ROP)—an essential tool in inventory management that helps ensure you’re […]
Reorder Point Formula & System: The Ultimate Guide with Excel Examples Read More »
Safety stock is essential in inventory management to avoid stockouts caused by demand or supply variability. This guide covers various safety stock formulas, including the Average-Max and statistical methods, to
Safety Stock Formula & Calculation: The 6 best methods Read More »
This guide covers essential Supply Chain Kpis and metrics like , Service Rate, Availability Rate, Stock Rotation (inventory turnover), and Forecast Accuracy to help you measure and optimize your supply
10 Essentials Supply Chain KPIs and Metrics in Excel Read More »
Effective inventory management is critical for maintaining optimal stock levels and reducing costs. This guide explores 11 proven strategies to optimize inventory, from demand forecasting and safety stock to lean
ABC analysis is a method used in inventory management to categorize items into three groups—A, B, and C—based on their importance and consumption value. By mastering ABC analysis, you can
ABC Analysis in Inventory Management: Step-by-Step Excel Tutorial Read More »
ABC XYZ analysis is a powerful inventory management tool that combines two methods: ABC classification by value and XYZ analysis by demand variability. This approach helps businesses optimize stock control,
ABC XYZ Analysis in Inventory Management: A Complete Guide with Excel Example Read More »
In 2018, Amazon became the second company to reach $1 trillion in value. We will see how Amazon and especially how its Supply Chain has become a must in the
Amazon Supply Chain & Logistics Secrets Read More »
SLOB inventory (Slow-moving and obsolete inventory) possibly already occupying a significant amount of space in your warehouse. The longer this unwanted inventory remains part of your stock, the more it
Calculate SLOB Inventory: Slow Moving And Obsolete Inventory Read More »
Effective inventory management is crucial for business profitability. Beyond the obvious expenses, several hidden costs can significantly impact the bottom line. This article will explain the 9 key parameters that
Comprehensive Guide to Inventory Cost Calculation: 9 Key Parameters Read More »
If you’ve ever wondered how much and how often you should order, the EOQ formula (Economic Order Quantity or Wilson Formula) is your answer. In this guide, I’ll break down
Economic Order Quantity: EOQ Formula + Excel Guide Read More »
Are you efficient enough with Excel? Most people think they can master Excel but they do not exploit the potential of this tool at all. How many times have I
Essential Excel Skills for Supply Chain Management Read More »
The forecast reliability or forecast accuracy is a key indicator in demand planning. If chosen correctly and measured properly, it will allow you to reduce your stock-outs, increase your service
Forecast Accuracy formula: 4 Calculations in Excel Read More »
Forecasting in Excel offers a quick and efficient way to predict future trends by leveraging historical data. This Forecasting in Excel tutorial explains how to create forecasts in Excel, adjust
Forecasting in Excel : A Step-by-Step Tutorial with exemples Read More »
Too often neglected, OTIF, DIFOT, service level, and fill rate are essential indicators in supply chain management. They can drive satisfaction or cause stress, especially when products are out of
How to Calculate OTIF, DIFOT, and Fill Rate in Supply Chain Read More »
Selecting the right inventory management software and ERP is crucial for optimizing your supply chain and enhancing overall business efficiency. This guide provides insights into the benefits, considerations, and steps
How to Choose the Best Inventory Management Software and ERP for Your Business Read More »
The inventory turnover ratio is a critical metric for assessing the efficiency of inventory management. This guide covers essential formulas and steps for calculating inventory turnover in Excel, including the
Inventory Turnover ratio: Formulas & Calculation in Excel Read More »
Programming languages are essential tools in modern supply chain management, driving automation, data analysis, and optimization. This article explores leading languages like Python, SQL, and Java, and discusses their applications
Top Programming Languages for Supply Chain Optimization and Automation Read More »
To be effective in a field such as the supply chain, it is first and foremost necessary to understand its fundamentals and operating principles. So, what is Supply Chain Management?
What is Supply Chain Management (SCM)? Simple Definition with Examples Read More »
In this article we review 48 Supply Chain jobs and their salaries across several countries, what career path can make you earn more on the long term. Check-out our Youtube
Supply Chain Salary & Jobs: Ultimate Guide Read More »
In this article, we will explore how to use ChatGPT to automate sales forecasting. Starting with an Excel file containing Amazon’s quarterly sales data, we will ask ChatGPT to generate
How to Use ChatGPT for Sales Forecasting in Excel: Full Tutorial Read More »
