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Topic: business forecasting

Unconstrained vs. Constrained Forecasting: Balancing Commercial Dreams with Reality

A company’s inventory is a significant asset on their books, however, if frequent shortages or excess happens, it can become a significant liability, costing the business’ bottom line. It is imperative to manage inventory appropriately so that supply and demand are always balanced. However, all the inventory management techniques and softwa ... Read More

  October 16, 2018     

Goal: Successful supply chain management

Have you ever sat back and wondered how giant companies such as Apple, Walmart and Ikea became so successful both in their reach and their inventory turnover? Well, it turns out they are model companies when it comes to supply chain management, which essentially governs the whole process from purchasing stock to ensuring it is […] ... Read More

  July 8, 2017     

It’s time for inventory management automation

There are two ways a business can track and manage inventory. There’s the hard way or there’s the easy way. Taking the hard way can be time-consuming, tedious and inefficient while the easier option, automation, will free-up personnel to better utilize their skills and capabilities performing more relevant tasks. Automation, what is it really? ... Read More

  June 19, 2017     

Accurate Inventory Records are Crucial for Success

Without keeping an accurate record of your company’s inventory, you risk dissatisfying your customers and ultimately, losing profit. Below, we summarize precisely why keeping accurate inventory records is crucial for the success of your business. Be Prepared An accurate inventory record first and foremost means that you are more likely to be able ... Read More

  June 5, 2017     

Cloud-based software – the way to go!

Cloud software is fast becoming the way to do business. The reason for this? Everything becomes easier, more accurate and more accessible. ... Read More

  March 20, 2017     

Inventory Management and the Bottom Line

Lean inventory involves minimizing excess stock; using more efficient processes to manage inventory and production are crucial to reduce waste. ... Read More

  January 13, 2017