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Category: Inventory Optimization & Management

Learn more about inventory management as we share insights on forecasting, inventory planning and inventory optimization designed to help companies achieve exceptional business outcomes.

5 Tips to Hacking Distribution Requirement Planning in the Food and Beverage Industry

The Food Waste Reduction Roadmap Report of 2019 show that a third of food, which includes beverages, is wasted around the world. Further analysis of the ongoing waste across the food and beverage production chain in the United Kingdom highlights [...]

A Comprehensive Guide to Predictive Inventory Planning and Management

Inventory management remains an important operational feature that determines the successes and failures of enterprises especially in the manufacturing and retail industries. For inventory management, the challenges for most enterprises are similar at a basic level. The mom and pop [...]

5 Steps to Digitize Your Inventory Planning Process

Many companies cite “inventory optimization” as a goal.  And with the digital tools available today, companies can manage their inventories better than ever with cutting edge inventory planning software such as that provided by DemandCaster.  These platforms empower companies to [...]

Top 5 Production Capacity Planning Challenges You Should Know

Modern manufacturing is a complex endeavor for any company.  Equipment capability, labor and productivity must be balanced against demand, sales forecasts, supply chain issues and many other factors to produce the right volume at the right time. Too much and [...]

Advanced Planning Challenges in Brownfield Facilities

The manufacturing industry relies on its legacy systems and equipment to get work done. This has been the way for decades. A report on the state of the manufacturing industry states that only 26% of manufacturing plants believe implementing new [...]

6 Questions that will Improve Your Capacity Planning Strategy

Capacity planning has always been a core strategic process in the manufacturing industries' quest to meet the demand of customers in a timely and efficient manner. Having accurate insight into your plant’s production capacity within specific durations of time while [...]

Are you effectively managing your inventory?

Inventory management is essential in today's industries.  Poor inventory management can lead to a lot of problems such as too much inventory, disorganization, or low product turnover. Avoiding these issues can save your business time and money.  CGN said, "Fast paced [...]

What every beginner warehouse owner should know

There are a few strategies and techniques that every new warehouse owner should be aware of. On the top of that list is inventory management! After all, inventory is the reason we have warehouses.  While it might seem like common [...]

Should you be using inventory optimization software?

Should you be using inventory optimization software? Which types of businesses would benefit from it? The answer is probably and most of them. Tech Target said, “Companies implement and use inventory optimization software because they realize that inventory, although necessary, [...]

Calculating Safety Stock: Simpler Might Not be Better

What is safety stock? Safety stock is the extra stock you maintain to mitigate the risk of running out of raw materials or finished goods due to uncertainties in supply or demand. The purpose of safety stock is to ensure [...]

Nine Factors That Influence Inventory Planning and Optimization

Inventory planning is hard to do. As supply chain complexity continues to expand, it’s getting more and more difficult to reach and sustain optimal inventory levels. Regardless of the level of difficulty, however, inventory must be managed, and the rewards [...]

Make the Transition to Inventory Forecasting Software

Maintaining the right amount of inventory is key to keeping up with the ebb and flow of customer orders. But what level is the “right” level? If a company doesn’t have enough product on hand, it may miss too many [...]

The Importance of Effectively Managing Raw Materials Inventory

In today’s world, the system of vendors, activity, and data required to source, produce, and deliver products to customers is increasingly complex. And the supply chain represents the steps required to make this happen. But as product companies extend their [...]

Effective warehouse and inventory management tips

Warehouse inventory management is one thing that can have a big impact on productivity. All Things Supply Chain put together a list of 9 ways you can better manage your inventory. First things first, plan your space. As they said, [...]

The Future of Inventory Management: Five Predictions

For many companies, inventory management is where all the elements of the supply chain converge. Inventory may be seen as the bloodstream of any competitive business. Its unobstructed flow is critical to the well being of any organization that trades [...]

Is Poor Inventory Management Creating Chaos in Your House?

Planning for changes in demand for product is a situation everyone deals with. It’s not just a corporate issue either! At work, at home, in almost every space, there is a need for products, and those needs (demand) change due [...]

MRP & Inventory Management

Most companies use Material Requirement Planning (MRP) software, or an MRP module of an ERP, to plan and manage the purchase, production, and transfer orders of finished goods and components based on a demand plan or forecast. It is time-phased [...]

E&O Inventory Management

Inventory is an ongoing challenge for companies -- especially inventory that's considered outdated and over-stocked. The issue is caused by a series of unfortunate events, including lack of communication, not applying the true cost of inventory, poor end-of-life planning, lack [...]

What CFOs Don’t Know About the Cost of Inventory

Whether based in retail, distribution or manufacturing, supply chain processes are the backbone of the company. If you can’t provision orders, your bottom line will suffer. Perhaps this seems like an obvious statement but many an organization has brought process [...]

Critical Facts CFOs Need to Know Before Reducing Inventory

In an effort to free up cash, many financial managers are eager about reducing inventory. However, taking steps to reduce inventory without being fully aware of the context can lead to disastrous outcomes.   CFOs need to be aware of [...]

How Inventory Optimization is a Lot Like Dieting

We all know what to do and what not to do. The key is to develop a plan—and stick to it. A new year is upon us and you may have made a personal resolution to get in better shape. [...]
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