Using spreadsheets to manage your inventory when you have fewer than 100 items in stock might be doable. But if you expect your business to grow, and want to accelerate that growth, you should ditch the spreadsheets as soon as you can afford to do so. Companies using spreadsheets might find a gap between their production efficiency […]
Logistics
How to Adapt Your Business to Climate Change Risk
The weather has always been tough on the supply chain, but climate change risk is only rising. Whether its floods, droughts, storms or other extreme weather, your supply chain needs to be ready. With one of the coldest winters in 20 years coming to pass, firms are reminded of the impact weather can have on their company. Here are four […]
How Managing Your Retail Inventory Can Maximize Your Profits
Your retail firm’s largest asset is the merchandise you sell. As a result, efficiently managing your inventory is essential to maximizing your profits. Here are four ways an inventory management system can help you do this: Inventory Management Inventory management gives you visibility of your stock levels at each point in your supply chain. Having visibility […]
How Inventory Forecasting Works
Inventory forecasting is an important feature for all businesses that sell physical goods. Inventory management systems can predict future stock levels by looking at the past sales of each item in your inventory. The main goal of forecasting is to maximize the number of orders you fill, while minimizing the number of items you stock. […]
