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    Inventory classification as easy as A-B-C

    Inventory classification as easy as A-B-C


    In inventory discussions we often hear the word "Classification" and that it is an essential part of the fundamentals of inventory. What is meant by "Classification" and why is it so important?  Is it simply the traditional ABC analysis or for it to... Read More

    The major causes of stock-outs [Updated]

    The major causes of stock-outs [Updated]


    What causes stock-outs? “It’s the Buyers fault; they didn’t purchase enough.” Sound familiar? Running out of stock hurts business in the long and short term. Research from Harvard Business School found that 7 - 21% of consumers faced with a... Read More

    Is Inventory Management as important as Inventory Control?

    Is Inventory Management as important as Inventory Control?


    As a business owner, you require an inventory management system that insures the next order you place is the right quantity both for your customers and for your business. Read More

    Lagging indicators are death to sales

    Lagging indicators are death to sales


    Most ERP systems can give you a lagging indicator of something that went wrong: Read More

    Do you have any idea what your fill rate is?

    Do you have any idea what your fill rate is?


    Most companies have some kind of anecdotal information about their fill rate. They will say something like "at least 80% of the time my customers come to buy, we can fulfil their order." Read More

    Inventory risks affecting your business

    Inventory risks affecting your business


    As the manager or owner of a business focused on providing customers with a high level of service while targeting a specific inventory value or stock turn, you will most likely have experienced the frustrations and difficulties in achieving the... Read More