How to Determine a Product’s Maximum Level of Inventory

January 30, 2018

There’s a common thread on many industry discussion forums posing the question – ‘how can I determine a maximum level of inventory for a product?’.

As with many aspects of supply chain management and optimisation, there isn’t a single answer.

Due to the variables of supply and demand, along with business and product characteristics, there are many caveats to standard approaches.

However, in this article, we’ve gone back-to-basics to give the answer from first principles. Read more

Why the IoT Could Be a Leading Inventory Management Tool

January 25, 2018

According to RSR’s (Retail Systems Research) benchmarking report regarding the Internet of Things (IoT), which was released at the end of last year, 98% of ‘Real Winners’ (defined as those that are the most successful in the industry) describe inventory management across the enterprise as incredibly important, and driven by the IoT. The role of the IoT, and not simply inventory management alone, is an interesting take and points toward the IoT unexpectedly helping with inventory management and not just customer management. Read more

Inventory Management: The Cost of Not Investing

January 23, 2018

Do you want to grow your business? Great! I bet you have an ambitious business plan detailing marketing campaigns, product releases and partnerships. But did you know that poor inventory management can ruin all your efforts and put your business growth at risk? This guest blog post, from Peter Drakeley at EazyStock, will help you identify some areas where poor inventory management can hinder your growth and how taking control can instead turn inventory into your advantage. Read more

The Advancement of Technology in Inventory Management

December 10, 2017

Inventory Management has long been a headache we suffer, and an unwieldy beast we attempt to tame. It’s a complex and demanding task of checking and rechecking stock, and never actually quite being able to say ‘job done’ before it all changes again.

Yet it is imperative to the successful running of any retail or manufacturing business. When mistakes happen, they hit the business in two main ways: cost and inefficiency. Read more

Practical Advice for Improving Inventory Management

December 3, 2017

Inventory management news isn’t always the most exciting. As such, we’re easily drawn to headlines such as those pertaining to Amazon’s inventory management drones. However, is this just pie in the sky for the majority of us? Or do we need to start realising that the practical advice concerning the future of inventory management does involve these exciting headlines for everyone, and we need to get with the programme? Read more

Improve Your Cash Conversion Cycle Through Inventory Management

November 23, 2017

An interesting piece of supply chain news has come in from the Dutch industry, and we can apply lessons from it to our own supply chains. The study by M3 Consultancy looked at the differences in performance and working capital of various different Dutch manufacturing companies. One thing stood out: inventory management was the dominant difference between good and poor performance. Read more