Understanding the Distinction between Demand Planning and Forecasting
Supply chains are complex, with multiple interconnected processes that rely on stable conditions.
How to Streamline Bill of Materials for Efficient Production
Your Bill of Material (BOM) is the blueprint for production and should drive all procurement activities.
What Does Lead Time Mean in Shipping?
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: Methods and Formulas Explained
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.
Netstock’s Integrated Business Planning Solution, Predictor IBP, Achieves ISO 27001 Certification
The global certification underscores Netstock’s dedication to safeguarding customer data and enhancing risk management practices.
3 Tips for More Effective Ordering and Inventory Optimization
Effective inventory optimization is essential for every business owner.
What To Look for in Inventory Forecasting Software
Planning is a crucial function for any business, especially when it comes to ensuring that resources align with objectives.
Tips for Calculating Your Optimal Inventory Quantity
Inventory management directly affects customer service, operational efficiency, and profitability.
Leveraging Inventory Analysis to Optimize your Supply Chain Operations
Many small and medium-sized businesses struggle with inefficient supply chain operations, especially if they still manage their inventories manually.
Unlocking Inventory Potential: Adapting to Trends
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.
Analyzing the relationship between fill rate and service level
Customer satisfaction and inventory costs are vital components of an efficient supply chain.
5 Key Factors to Consider when Evaluating Supplier Performance
Your supply chain is only as strong as its weakest link, yet your business depends heavily on its performance.
Tips For Navigating Supplier Performance Metrics and Setting KPIs
A resilient and efficient supply chain starts with effective supplier performance management.
How to Calculate Your Optimal Inventory Level
Inventory is the backbone of any supply chain business. It ensures smooth operations and keeps customers happy.
How to Calculate, Analyze, and Optimize Your Cycle Stock
Businesses today have to navigate complex environments with fluctuating demand and intricate supply chains.
Demand Planning vs. Supply Planning: Understanding the Differences
While demand planning and supply planning are often used interchangeably, they play distinct roles in business success.
7 Benefits of Supplier Performance Management
Building an efficient supply chain is essential yet challenging, especially in today’s competitive global landscape.
Top Trends from the Netstock Inventory Management 2024 Benchmark Report
Inventory management is rapidly evolving, and staying ahead of the curve is crucial for SMBs.
Your Guide to Choosing the Best Order Fulfillment Software
Order fulfillment software is a critical supply chain component.
Improving Inventory Visibility: Benefits and Challenges for Supply Chains
Global supply chains and multi-channel sales have amplified business complexity and extended lead times.
New Netstock Research Uncovers Today’s Biggest Supply Chain Trends
Netstock’s Inventory Management Benchmark Report highlights AI adoption, rising inventory challenges, and best practices for optimization across supply chains in 2024.
Netstock Drives Future Growth and Innovation with Leadership Promotions
Netstock enhances strategic vision and operational excellence by naming new Chief Information Officer and Chief People Officer positions.
Netstock Expands Microsoft Partnership with Official AppSource Marketplace Listing
Netstock’s integration with Microsoft Business Central provides seamless and scalable demand and supply planning solutions that meet the evolving needs of small and medium-sized businesses using Microsoft.
Understanding Work in Process Inventory: Formulas, Applications, and More
Today’s business environment is increasingly more competitive. Companies must find ways to cut costs and control processes.
Understanding Inventory Shrinkage: Causes, Calculation, and Reporting
The smooth flow of goods from your supplier to your customer depends on effective inventory management.
Why effective inventory planning is crucial for supply chain success
Every business strives for operational efficiency and customer satisfaction. Effective inventory planning is at the core, as it ensures balanced stock management.
Leveraging the Beginning Inventory Formula for Effective Inventory 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.
Key Features Your Demand & Supply Planning Software Must Have
You know your business needs to invest in demand and supply planning software to streamline planning, remain competitive, and increase profits.
Netstock Unveils Enhanced Integrated Business Planning (Predictor IBP) Solution
Its updated user interface provides a new look while maintaining the robust and flexible functionality embraced by businesses globally to plan and forecast with confidence
The Power of Machine Learning to Supercharge Your Retail Demand Forecasting
Retail demand forecasting is notoriously difficult to get right, yet so much of what we do depends on it.
What Are the Benefits of Demand Optimization & Planning Software?
Consumers have never had as many choices as they do today.
What is days inventory outstanding, how to calculate it, and how to improve it
Days Inventory Outstanding (DIO) indicates the level of inventory management efficiency.
Collaborative planning, forecasting, and replenishment in supply chain
Effective supply chain management is important for maintaining a competitive edge in today’s changing enviroment.
Day Sales of Inventory: Formula & Definition
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.
Inventory Turnover Benchmarks by Industry
Inventory turnover quantifies how often a business sells or uses its inventory over a period, usually over a year.
How To Streamline Inventory Management With Automated Replenishment Software
Effective inventory management is vital for any business dealing with physical products. However, it’s often easier said than done.
