Meeting customer demand is essential for any business, but traditional planning methods often rely on outdated data and rigid forecasts—making it tough to keep up in today’s fast-paced markets.
Your Bill of Materials (BOM) is more than just a list—it’s the foundation of your production planning. For straightforward products, a single-level BOM might suffice.
How many times have you found yourself scrambling to meet demand in one location, overstocked in another, and without clear visibility across all warehouses?
Lead time in shipping is so much more than just delivery time. It includes the entire product journey, from order placement until the product reaches the customer’s doorstep.
Calculating ending inventory is a critical task. You’ll use it to determine your cost of goods sold (COGS), assess the business’s financial health, and plan production and purchasing.
Small and medium-sized businesses (SMBs) are navigating daily challenges: from geopolitical disruptions and truck driver shortages to rail strikes, port delays, and extreme weather.
Every business strives for operational efficiency and customer satisfaction. Effective inventory planning is at the core, as it ensures balanced stock management.
Inventory plays a central role in the business world. It’s an asset that supports production and sales and is a crucial aspect of effective inventory management.
Days Sales of Inventory (DSI), or Inventory days, is a key financial metric that measures the average number of days a company takes to sell its entire inventory during a specific period.