Inventory Management Blog

Published in Blog - 23 May 2019

TIPS TO MANAGE BROAD PRODUCT RANGE

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
Read more
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
Read more
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
Read more
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.
Read more
Published in Blog - 16 April 2018

The secret to good forecasting?

Thanks for asking, but it’s classified… Demand Classification is a systematic, logically founded method of ascertaining and clustering the characteristics of sales history into groups, before applying the most appropriate forecasting techniques automatically. Classification enables a significant improvement in forecast accuracy with significantly less effort and is lightyears ahead of the traditional ‘pick best’ approach.
Read more
Cash is King Published in Blog - 12 April 2018

Is Your Business Trapped In Cash Flow Hell?

The time to expand your business is now “As levers of financial management go, none bears more weight than working capital. The viability of every business activity rests on daily changes in receivables, inventory, and payables.” -S.L. Mintz Whether selling a revolutionary product or essential service, the challenges of gaining access to the working capital
Read more

TOP