Articles

Effective supply chain management is important for maintaining a competitive edge in today’s changing enviroment.

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 quantifies how often a business sells or uses its inventory over a period, usually over a year.

Effective inventory management is vital for any business dealing with physical products. However, it’s often easier said than done.

Remember when everyone just shopped at physical stores? Those days are long gone.

The picture of a typical modern supply chain operation is one of unrestricted movement of goods across different facets and levels of the supply chain.

In its current form, inventory management has come a long way since it was managed on ledgers.

Simply stated, the goal of inventory management is to have the right amount of inventory in the right place at the right time.

Only the most efficient and agile businesses can survive in a world where global supply chains and online markets dominate.

Inventory is the life force of most businesses. It ensures that you have products to sell when your customers demand them.

In today’s business climate, customer demands change overnight, and competition lurks around every corner.

Missing sales targets? Watching customers walk away? Your fill rate might be the culprit.

Tighter budgets are reshaping how businesses manage their finances, pushing them to innovate and rethink their operational strategies.

Managing your business’s inventory can feel like walking on a tightrope. Fall to one side of the rope, and you risk sinking capital and resources into too much stock.

Inventory management and warehouse management are interrelated. They form part of the same supply chain and should cooperate to achieve the effective flow of goods from supplier to customer.

One of the most overlooked secrets to efficient business operation is the use of spare parts inventory management software. In competitive industries, adopting this one management system is often the difference between quick repairs and frustrating downtimes.

Learn about how inventory management works for construction companies and their building materials and equipment.

Learn about the different types of inventory management strategies, their goals, strengths, and weaknesses.

Imagine using a seamlessly automated inventory management system that not only enables you to meet customer demands but also effortlessly reduces carrying costs and enhances efficiency in inventory management!

Learn about what lead time is, how it works, and what it means for inventory management, production, and manufacturing.

Learn how redistributing inventory can transform surplus stock into a valuable asset, reducing supplier costs and boosting sales for your business!

Adapt to the evolving landscape of inventory management in 2024. From AI to market dynamics, explore the trends shaping inventory management.

Businesses should revise inventory strategies to safeguard against Red Sea disruption

Managing inventory goes beyond just meeting demand; it’s a key asset that drives profit and plays a vital role in your business’s financial success. 

Explore the fundamentals of inventory turnover and its impact on business.

Is your inventory silently draining your profits? As inflation drives up material, packaging, and transportation costs, businesses face mounting financial pressure from their inventory management.

Stay ahead of the competition in 2024 by mastering these essential inventory management techniques.

Balancing inventory investment with service levels When your warehouse manager reports that a critical component is out of stock just as a major customer’s order needs to ship, the resulting scramble impacts your entire operation.

Imagine a mid-sized distributor with $3.2 million in inventory. On paper, those are healthy stock levels. In reality, $800,000 is tied up in slow-moving products that won’t sell for months (or possibly ever).