Supply Chain Blog
All our tips and advice to get the most out of your supply chain career
Safety stock is essential in inventory management to avoid stockouts caused by demand or supply…
How to Use ChatGPT for Sales Forecasting in Excel: Full Tutorial
Comprehensive Guide to Inventory Cost Calculation: 9 Key Parameters
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How to Use ChatGPT for Sales Forecasting in Excel: Full Tutorial
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
Reorder Point Formula & System: The Ultimate Guide with Excel Examples
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
Comprehensive Guide to Inventory Cost Calculation: 9 Key Parameters
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
Top Programming Languages for Supply Chain Optimization and Automation
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
What is Supply Chain Management (SCM)? Simple Definition with Examples
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?
Calculate SLOB Inventory: Slow Moving And Obsolete Inventory
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
10 Essentials Supply Chain KPIs and Metrics in Excel
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
Forecasting in Excel : A Step-by-Step Tutorial with exemples
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
Economic Order Quantity: EOQ Formula + Excel Guide
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
