A crystal ball sometimes wouldn’t go amiss in inventory forecasting. But in the absence of a magical tool, your best bet is to......
Beer — it’s been a staple in many cultures for thousands of years and is still one of the world’s most popular drinks. Fro......
Inventory management is a critical function of any business, with drastic implications on profit margins. Stock the right goods ......
Calculating average inventory is an extremely important part of your overall inventory strategy because it is the basis of knowi......
What is supply chain risk management? An important part of supply chain management, supply chain risk management is the process ......
The more your business grows the more difficult it is to maintain ideal stock levels across your products. Setting a reorder poi......
SKU codes are everywhere – built into sales and inventory management platforms, and broken down line-by-line in all sorts of i......
To calculate safety stock, work out your average daily use for a product and multiply it by its average lead time – how long i......
Calculating ending inventory at the end of a financial year can be a challenge. It’s a time when you’re likely juggl......
Inventory reporting is the pits, right? The pits, as in, no one has ever said “I wish my inventory reporting wasn’t over for......
As governments and hospitals work to stamp out Covid-19, manufacturers are also struggling to manage the virus’ impact on thei......
Confronted with a pandemic, we’ve seen global supply chains struggle to cope with the consequences of isolation and work-from-......
Globalisation means that our supply chains are more entwined and complex than ever. When a global disruption like the ongoing Co......
Business reporting and business intelligence (BI) are often referred to interchangeably, but the two are not the same. Both are ......
Reporting and Business Intelligence (BI) are both incredibly vital tools for your business and each has a strong suit. In this a......
Topic:
Inventory Reporting
To help your business become more financially free it pays to keep close attention to cashflow (among many other metrics and KPI......
Topic:
Inventory Reporting
When a company is going from strength to strength, it can sometimes be difficult not to get caught up in the successful wave of ......
Topic:
Inventory Reporting
Decision making in any area of life or business is best done with all the pertinent facts on hand so that it can be informed and......
Owners of small businesses don’t always see the need to track and record every piece of information when the business is just ......
Data is omnipresent — it’s everywhere we look and intertwined in everything we work with. The biggest obstacle that companie......
Average Order Value (AOV) is a metric that helps retailers understand their customers’ purchasing behaviours. An average o......
