Netstock’s Predictive Planning Suite is the ultimate solution for small and medium-sized businesses seeking to optimize their supply chain planning. R

Learn how to unlock cash in your inventory by increasing visibility across your supply chain. Reduce surplus stock, improve profitability and operational efficiency by optimizing inventory management processes. Find out how!

Working with local suppliers can strengthen the US supply chain and increase businesses’ readiness to adapt to supply distributions.

Is your business prepared for the next black swan event? Barry Kukkuk, Co-founder at Netstock, provides four tips on handling supply chain disruptions. 

Improved supplier data will give your business a competitive advantage and drive customer loyalty.

Changes in demand and supply will test how efficiently businesses can adapt their supply chain planning. Having capital tied up in excess stock places businesses at risk. How prepared is your business?

The race to meet customer demand is long underway, and large enterprises are taking the lead, often far outpacing smaller businesses.

It’s either “adapt or die”! If you implement the necessary technology in your business, you should fully understand the ROI of the investment.

Volatile markets, material shortages, and COVID-19 will continue to disrupt supply chains in 2022. What steps can you take to optimize your inventory planning?

The recent increase in stock-outs has impacted consumers’ purchasing decisions. How prepared is your business to manage these stock-outs?

Do you have the right people and inventory processes in place to align with your business goals?

The ABC analysis categorizes your inventory, identifying high-value, fast-moving items that help demand planners work efficiently to meet demand and increase sales.

How do different divisions collaborate to optimize inventory and align with business goals? An integral part of inventory management is maintaining a balanced investment in your inventory

Safety stock is essential in your supply chain, helping you avoid stock-outs and stay on top of demand. But how much is just the right amount?

Reducing supply chain lead times is key to keeping customers happy and keeping inventory costs under control.

Is your business struggling with unpredictable inventory levels? According to Netstock’s 2024 Inventory Management Benchmark Report, excess stock has grown to 38% of SMBs’ inventory value, with large businesses seeing overstocking rise to 44%.

Optimize your supply chain so you have the visibility to make accurate inventory decisions. What inventory management trends are affecting your business?

Implementing supply chain planning software requires commitment from your team and starts with a well-planned implementation and onboarding process adopted across your business.

A cyberattack in your supply chain can compromise confidential data, resulting in reputational damage, a loss of customers,  and financial harm to your business. R

A healthy cash flow can help a business navigate uncertainty, and understanding the inventory holding costs involved is your first step.

Disruptions in your supply chain operations will put your business at risk, creating costly setbacks if you don’t mitigate as much of the risk as possible.

Key Performance Indicators (KPI’s) help you monitor and make vital decisions for your inventory.

It’s an exciting time to own a packaging company. Shifts in consumer demands, a move towards more eco-friendly materials, and innovative technology are all knocking at your front door.

Inventory is the lifeblood of your business. Strategically managing your inventory to optimize cash flow and product availability is crucial. By fully controlling your inventory levels, you can minimize waste while maximizing profitability. So, how do you achieve this perfect balance?

With the end of the year only a few months away, Black Friday and Cyber Monday are fast approaching.  Are you ready?

Stepping into supply chain planning for manufacturing is like tackling a maze of hurdles.

In Part 1, we discussed the shortfalls in the 7 compelling reasons why not to use a spreadsheet for your inventory planning  In part 2, we look at what is expected from a spreadsheet from an Inventory Management perspective.

When it comes to disruptions in the supply chain, we may not be in control of external factors such as political, environmental, or, as we have recently seen, pandemics.

Most small businesses start off with a few products which are easily managed in a spreadsheet. As your business grows, you gradually start to expand your range.

Excess stock is inventory that is purchased in excess of the demand. But why all the fuss about it?

Suppliers are a fundamental link in the supply chain over which you, as a business, have little control. There is always the inherent possibility that deliveries will not be on time, and even if they are, they may not be complete in terms of what you ordered.

Many senior managers that were born in the ’60s or ’70s were taught by their parents that it was better to buy software, buildings, and other assets to reduce the expenses incurred in interest and grow the capital value of the business. 

Throughout our lives, from the cradle to the grave, we are classified – classified according to our age, sex, religion, political views, demographics, hobbies, opinions, dietary choices, and many more. These classifications are used by companies to sell or market to us, or to determine our risk factors.