Inventory Management Blog

Published in Blog - 09 July 2019

MONTHLY VS WEEKLY FORECASTING

Which forecasting method is best for your business? The goal of Slim4 – Slimstock’s inventory optimization software – is to predict the future. Specifically, how much of an item you’ll need to meet customer demand. Predicting the future is hard work even using historical data. With our ever more interconnected world, the number of data
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Published in Blog - 27 May 2019

3 WAYS EXCESS STOCK CAN PUT THE BRAKES ON YOUR PROFITS

If you’re rolling a new hybrid CUV off the assembly line or chrome-plating exhaust tips for the aftermarket, the automotive industry runs on parts. In 25 years of working with manufacturers and distributors, we know that demand planning and inventory optimization are evergreen topics in the auto industry. Reducing excess stock can be a major
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Published in Blog - 23 May 2019

10 TIPS FOR MANAGING BROAD PRODUCT RANGES

Retailers face multiple sales channels and broad ranges of products. So, what stock should be maintained and how to offer the best level of customer service? Discover it in the following Knowledge Article, where we will share ten tips to manage wide ranges of products that are continually expanding while controlling costs. CHALLENGES TO MANAGE
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Published in Blog - 23 April 2019

EXCESS STOCK | TRIM DOWN YOUR EXCESS INVENTORY!

Excess stock is bad for business. It takes up valuable warehouse space and costs you a lot of money while it becomes obsolete. And, 10% of the items in your warehouse will never be sold, according to Slimstock inventory analysts. These items are unlikely to bring in revenue, so why are you holding on to
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Published in Blog, News - 22 April 2019

IMPROVED INVENTORY MANAGEMENT: REDUCING FOOD WASTE

If you find yourself having to throw food items every few weeks from your refrigerator, imagine what goes on at a grocery store. Given the size of the industry, reducing retail food losses can mean significant savings for companies. Retail is one of the most dynamic sectors in the Canadian market due to the significant
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Published in Blog - 26 March 2019

THE IMPORTANCE OF THE ABC ANALYSIS

Over the years, we have found many companies that have thousands and thousands of SKUs, but does it help companies to be more profitable? Maintaining so much inventory can have the opposite effect. So how can companies reduce their inventory while improving service? An important point for this is to perform a sharp ABC analysis.
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