EOQ & Wilson Formula calculation
How often and in what quantity should you order products? This is what we will try to answer in this article with the economic order quantity (EOQ) or Wilson formula. …
Inventory Management
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.
How to prepare your Supply Chain for the next crisis ?
We have never been so close to the next financial crisis. The purpose of this article and video is not to frighten you but to anticipate it and know how …
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10 Common Inventory Management Mistakes
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 …
ABC Analysis : Example in Excel with 500 products
In this post, I introduce you to the ABC Analysis and the Pareto principle that you can use to optimize your inventory management and logistics. (ABC Analysis video example / …
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ABC XYZ Analyse to Optimize your Inventory
The ABC XYZ analysis is fundamental to optimize your inventory. The ABC method is a very good start but this is not enough in managing your inventory and I will …
Safety Stock Formula & Calculation : 6 best methods
There are many ways to calculate safety stock, you can fin hundred of different ways of calculation on google, wikipedia etc …. In this post, we will explain to you …
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10 Ways to Optimize your Inventory
Here are 10 concrete actions to optimize and reduce your inventory. They may sometimes seem obvious, but in practice, few companies apply them. 1) Establish Supply Chain KPIs You can’t …
10 KPIs for your Supply Chain
Which KPIs for my supply chain? The challenge for your stock inventory and supply chain management will be to find the right balance between your stock level and the satisfaction …