A Journey Through Safety Stocks, Part 2
This blog discusses the importance of adjusting and refining safety stock approaches to balance inventory.
A Journey Through Safety Stocks, Part 1
Inventory planners have a difficult task balancing customer demand with inventory levels. This blog is the first in a series discussing safety stock.
5 Questions About Safety Stock Calculations
There are various approaches to safety stock calculations. This blog previews a free webinar that sheds light on the pros and cons of each.
What Does Your Pantry Have in Common with Inventory Management?
Unlike a fine wine, inventory does not get better with age. Learn more about the importance of balancing inventory levels with related costs.
Demand Planning by Segmentation-based Exceptions
Demand planners are facing unprecedented pressures caused by the all-time high number of planning combinations. Supply chain planning software can help.
Demand Patterns Inside a Period
Demand forecasting is often done in planning buckets such as months or weeks. But what about the pattern of demand inside a period? Whatever pattern it is, a demand planner should strive to understand it.
The ROI of Inventory Reduction
A lot of projects propose to deliver ROI through lower levels of inventory. Servicing the demand at desired service levels with lower inventory should save the company some money. But how, exactly?
The Hippocratic Oath for Forecasters
Is there an equivalent to the Hippocratic Oath for forecasters? What harm(s) can a forecaster easily avoid? This blog explores some examples.
Building the ROI Case for Demand Planning
Businesses spend a lot of time and money in improving their demand planning. However, the ROI is not always forthcoming. How much is a 1% improvement in forecast accuracy worth to the business?
The Importance of Product Mix in Capacity Planning
When engaging in capacity planning, it is important to consider the product mix and seasonality of your business to ensure an effective and accurate outcome.