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.
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.
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.
Cost and Complexity – Factory Perspective on Inventory Golden Rules
The purpose of this blog is to explain a basic costing challenge in factories and their impact on critical SCM analysis and decisions.
Using ABC Analysis to Determine Off-Balance Inventory
In this blog are some analyses based on the Pareto principle (or as is very commonly referred to as ABC analysis) that one can do in order to determine the alignment of the inventory with the overall needs of the supply chain.
How Do You Create the Right Inventory Balance?
Striking the balance between overstocking and understocking should not always be a guessing game.
How do you model inventory in planning systems?
Wondering how inventory is modeled in supply chain planning systems? Here's what you need to know.
Eliminating Some Of The Safety Stock Mystery
In the simplest inventory situation, the only variability is in the quantity of demand for a single day. There is no trend up or down or seasonal effect. The demand today is independent of the demand for tomorrow. Additionally, we will assume replenishment time is zero. That is when we place an order for additional