Inventory management is fundamental to your company’s profitability and customer satisfaction. Stock management makes it possible to make the stock available to your customers at the best price and as quickly as possible. You can optimize your inventory improving your process, automate your replenishment, using the right formulas such as EOQ and Safety Stock. You can manage your inventory on Excel and the move to an inventory software solution to make it more efficient.
When we asked 1,000 supply chain professionals what they needed most to move forward with Artificial Intelligence, one answer topped the list: “Show me real Supply Chain artificial intelligence use […]
Artificial Intelligence Use Cases : what are supply chain leaders doing? Read More »
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 »
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 »
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 »
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 »
Managing your cash conversion cycle is a continuous process. It requires consistent monitoring and adjustment to maintain optimal performance. But with dedication and the right approach, you can turn it
Cash to Cash Cycle: How to Calculate and Improve it? Read More »
Whether you have 100 SKUs or 10,000, inventory management is a complex subject that is key to a company’s financial health. You need to be able to respond to constantly
Inventory Optimization: Min/Max method or Safety Stock? Read More »
Perhaps you often wonder what becoming a supply chain consultant is like. After all, they play a vital role in a company’s operations, helping to optimize and effectively manage the
How to Become a Supply Chain Consultant? Read More »
Blockchain in Supply Chain has many applications: But what are some concrete examples of Blockchain implementations? How can supply chain professionals become experts in this field? I brought up those
Blockchain in Supply Chain: applications and examples Read More »
Here are the 10 most common mistakes in inventory management, supply chain, and supply chain management. Together we will see how to identify and avoid them. 1) The lack of
10 Common Inventory Management Mistakes Read More »
