Sustainable supply chain management
EazyStock » Inventory Management Blog
by Kristi Roper
6M ago
Improving businesses and the environment  In today’s fast-paced business landscape, inventory management plays a crucial role in determining a company’s success. Whether a small retailer or a large-scale manufacturer, getting your inventory right can significantly impact your bottom line. While you strive for efficiency and profitability, have you considered the environmental impact of your inventory practices?   Last month, Hurricane Idalia swept through Florida and several other states in the southeast, forcing airports, marine cargo ports, and distribution hubs to cease or ..read more
Visit website
Data-driven inventory management: the secret to business success
EazyStock » Inventory Management Blog
by Kristi Roper
7M ago
In the rapidly evolving business landscape, staying ahead of the competition requires more than just good instincts – it demands data-driven decision making. When it comes to inventory management, relying on gut feelings and historical data may lead to inefficiencies, missed opportunities and incorrect inventory levels. When combined with manual inventory management processes, you increase the risk of human errors, which can culminate in stockouts and overstocking. Don’t worry! In this blog, we’ll explore the untapped potential of data-driven inventory management. The downside of manual pr ..read more
Visit website
How do rising interest rates and inflation affect global supply chains?
EazyStock » Inventory Management Blog
by Kristi Roper
8M ago
Supply chain managers and inventory management professionals face a constant barrage of supply chain crises, with one always waiting around the corner. With every crisis comes the potential for supply chain disruption that can cause chaos for stock-holding businesses. Our eGuide, Supply chain and logistics management trends for 2023, looks at potential issues facing supply chain managers this year and how to respond. In this blog, we focus on how supply chain and inventory management professionals can mitigate the impact of high inflation and interest rates. Inflation Inflation has been increa ..read more
Visit website
Overcoming Black Friday purchasing and warehouse challenges
EazyStock » Inventory Management Blog
by Jenny Danielsson
8M ago
Black Friday – November 25th this year – is one of the year’s biggest shopping days when physical stores and eCommerce tempt shoppers with their offers. For the past ten years, Black Friday has seen sales increase annually and is one of the most important sales occasions of the year. The surrounding days are also sales-focused, including Small Business Saturday and Cyber Monday. The extended sales period sees increased pressure on companies to get ahead on their demand planning and ensure they have the necessary inventory. This year, purchasing teams are also facing continued challenges due to ..read more
Visit website
The fundamentals of demand planning and forecasting
EazyStock » Inventory Management Blog
by Kate Granger
8M ago
What is demand planning? Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. A demand planning team will forecast demand for their stock items so that supply chain and inventory managers can decide what, how much and when they need to order. They will aim to have enough stock to avoid stockouts, but not so much that they end up with obsolete stock or high inventory values. Why is demand planning important? Demand planning has two main functions: determining the right inventory levels to ..read more
Visit website
Why inventory managers need to understand inventory value
EazyStock » Inventory Management Blog
by Maggie Bendis
8M ago
Often, businesses focus on inventory management from a supply chain perspective – holding enough stock to meet customer demand and hitting fulfillment targets. This post, however, will focus on the financial aspect of inventory: inventory value – taking an accountant’s view of how to manage stock effectively. What is inventory value? Inventory value shows how much unsold inventory is worth at the end of a company’s accounting period. It shows a company’s gross profitability and current financial position. Inventory value will change over time – usually reducing. As demand falls and items becom ..read more
Visit website
Winning strategies for distributors and manufacturers during an economic downturn
EazyStock » Inventory Management Blog
by Jenny Danielsson
1y ago
The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. As the global world economy has continued to recover completely from the aftermath of the Covid-19 pandemic, and with a subsequent war with Russia’s invasion of Ukraine and rising inflation, many stock-holding companies are having a hard time. Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention. Regardless of how the next f ..read more
Visit website
Why cutting software budgets now could cost you money in the long run
EazyStock » Inventory Management Blog
by Kate Granger
1y ago
As we navigate a cost-of-living crisis that has seen prices and inflation soar, budgets are becoming tighter at home and work. To prevent drastic decreases in profitability or increases in debt, finance teams are scrutinizing budgets and balance sheets to find areas to cut to make savings. Changes in business priorities could also see companies shift their focus and budgets to new business initiatives. The first budgets up for slashing are usually marketing and software. While it might seem that they are an easy way to save money, cutting software budgets or budget for new IT systems might not ..read more
Visit website
Black Friday, 25 November, is one of the year’s bi...
EazyStock » Inventory Management Blog
by Kate Granger
1y ago
Black Friday, 25 November, is one of the year’s biggest shopping days when physical stores and e-commerce tempt shoppers with their offers. For the past ten years, Black Friday has seen sales increase annually and is one of the most important sales occasions of the year. The surrounding days are also increasing in trading. Now, the whole week is called Black Week due to the increase in trading in the surrounding days, including Cyber Monday. The extended Black Week sales period sees increased pressure on companies to get ahead on their demand planning and ensure they have the necessary invento ..read more
Visit website
The guide to distribution software
EazyStock » Inventory Management Blog
by Maggie Bendis
1y ago
The importance of distribution software When the cost of raw materials and finished goods starts to soar, it’s critical for wholesalers and distributors to control their operational costs to remain competitive and achieve decent profit margins. This is where supply chain digitalization projects can help to automate simple processes, improve efficiency and save money. There are a host of distribution software systems that manage internal and external supply chain workflows. From controlling inventory to providing quoting processes and managing suppliers to delivering warehouse management capabi ..read more
Visit website

Follow EazyStock » Inventory Management Blog on FeedSpot

Continue with Google
Continue with Apple
OR