Inventory planning and control are functions relating to inventory management. Business owners pay close attention to inventory as it usually represents the second largest expense in their businesses.
Inventory planning encompasses several parts of your company's logistics and operational capabilities. Accounting gets involved with monitoring and paying for inventory, the warehousing and logistics ...
Market pressures can sometimes seem as if they fall out of the sky. If your business depends on having the right inventory at the right time, anticipating what you’ll need and when you’ll need it up ...
AI-driven adaptive safety stock planning is revolutionizing inventory management in fluctuating supply chains.
I have long been puzzled by inventory policies that cause four-color titles to be printed in three-to-six-month quantities when every calculation I’ve ever seen suggests that printing 12–15 months’ ...
When Amazon launched its free same-day delivery service in 2015, the question immediately arose: Would this buy customer loyalty? Ultimately, yes. Then consumers began to wonder what that meant for ...
Companies are struggling to maintain the right inventory. Pandemic-era supply chain disruptions and volatile consumer demand led many companies to shore up inventory in 2021, while soaring container ...
Editor’s Note: Tracey Smith is an internationally recognized business author, speaker and analytics consultant. She is the author of multiple books and hundreds of articles. Tracey has worked with and ...
The apparel brand is cutting stock levels as its supply chain speeds up, and as new planning and allocating systems come online. Like many in the apparel and retail world, Guess is trying to get more ...
Technology provides business owners with accessibility, flexibility, and real-time collaboration. In today's world, digital transformation is crucial for businesses to stay competitive. Moving ...