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.
How to Mitigate the Bullwhip Effect in Today’s Market
One flick of the wrist triggers a wave of disruption that grows the deeper it penetrates the supply chain. This blog explains the bullwhip effect, how the pandemic exacerbated it and tips on how to mitigate the effect.
Managing the Complex Network is Key to Profitable Growth
Dr. Ken Fordyce shares his takeaways from Gartner's free webinar on the performance lenses that supply chain leaders must apply and balance.
3 Must-have Inventory Planning Software Features
Every supply chain planner’s goal is to provide the highest degree of customer service while reducing inventory in the supply chain network. High customer service translates to more business for the organization, and low inventory costs mean increased working capital. Supply chain planners may struggle to balance both, but good inventory planning software would help
How to Have a Serious Conversation About Inventory
Whether you are a manufacturer, retailer or distributor, inventory is likely one of your largest assets – after cash of course. Managing this asset takes a cross-functional team, all (hopefully) moving in the same direction. Weak management of the inventory process results in a porous supply chain.
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 Wrong Inventory Approach Can Strangle Production Output
Successful management of inventory is a hot topic in supply chain management. While it's easy to measure, the cause may be complicated to uncover.