Inventory Optimisation

Disruption is the only certainty in supply chain planning.

Supply chain costs are soaring all over the world. And like many of your competitors, you’ve probably been thinking about how you’re investing your working capital.

Your supply chain team will be getting used to shortages. The first shock was stock. The diminished deliveries and the lengthening lead times.

In 1913, the world was first introduced to the Economic Order Quantity (EOQ) formula.

Safety stock inventory is the additional level of inventory businesses hold in order to minimise the risk of stock out. However, being overly cautious can quickly result in costly excess and obsolescence: both of which will erode margins. So what factor should you take into account when determining the optimal level of safety stock inventory?

What on Earth is OTIF? And can it help your business perform better? To answer this question effectively, let’s look back at the groundings of OTIF.

Your inventory could be an untapped goldmine.

On the surface, it’s simply a matter of ordering the right amount of stock at the right time.

Product availability : we will explore some simple tactics to help you optimise your workload to get the most important tasks done effectively without being bogged down by unimportant problems.

From the cost of purchasing the inventory in the first place to storing it in your warehouse, and moving it throughout your network...

Every investment carries some level of risk. And when companies decide to make an investment, one of the key points to consider is how much money will be earned as a result of this decision. This metric is called Return on Investment or ROI. But why is it important?