5 proven strategies to reduce long lead times in your supply chain
Reducing supply chain lead times is key to keeping customers happy and keeping inventory costs under control.
The Bullwhip Effect: How to Prevent Supply Chain Disruptions and Save Costs
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%.
Inventory forecasting methods to improve planning processes
Supply chain disruptions and unpredictable demand can leave you with too much stock or costly shortages. Traditional forecasting methods just don’t cut it anymore – but smarter, data-driven planning can help you stay ahead, reduce risks, and accelerate profits.
The ultimate list of inventory management statistics
Optimize your supply chain so you have the visibility to make accurate inventory decisions. What inventory management trends are affecting your business?
3 steps to implement supply chain planning software
Implementing supply chain planning software requires commitment from your team and starts with a well-planned implementation and onboarding process adopted across your business.
Netstock Acquires Netstock Europe
London, UK, and Dortmund, Germany, Netstock is proud to announce the acquisition of Netstock Europe. The acquisition allows us to accelerate growth in Germany while continuing to invest in our Netstock app.
How to reduce supply chain attacks in 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.
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Do you know the real cost of inventory?
A healthy cash flow can help a business navigate uncertainty, and understanding the inventory holding costs involved is your first step.
10 Steps to reduce inventory risk
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.
Top 5 inventory metrics every planner should track
If you’re not measuring your inventory performance, you’re guessing, and that’s risky business.
External factors that impact placing optimal orders
When placing optimal orders, you need to factor in external challenges that can affect your supply and demand.
Packaging companies: Optimize your inventory to help meet new demands
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.
What is demand planning?
Demand planning is a necessary process to effectively determine how much inventory you need to meet customer demands.
6 steps to inventory optimization
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?
Black Friday and inventory management – what you need to know
With the end of the year only a few months away, Black Friday and Cyber Monday are fast approaching. Are you ready?
Netstock Partners with Strattam Capital to Accelerate Growth
London, UK and Austin, Texas – Netstock is proud to announce a majority growth investment from Strattam Capital. This investment will allow us to propel growth not only in North America, but also in the territories we operate in around the world.
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Plumblink’s warehouse and inventory management journey
We recently hosted a webinar with Oswald Abrahams – executive IT, and Luvuyo Mgidlana – commercial and operations director of Plumblink, where we unpacked their inventory and warehouse management journey to date. They’ve learned lessons along the way that could add value to companies embarking on a similar journey. This article discusses the challenges they faced, the steps they took, lessons learned, and the success they achieved in their operations.
Is your manufacturing planning optimal?
Stepping into supply chain planning for manufacturing is like tackling a maze of hurdles.
More reasons not to use a spreadsheet for your inventory planning
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.
Supply chain blunders – the KFC fowl up
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.
7 reasons not to use a spreadsheet for inventory planning
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.
Why do I always have excess stock?
Excess stock is inventory that is purchased in excess of the demand. But why all the fuss about it?
Identifying and managing supplier risk
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.
Is software ownership a thing of the past?
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.
One size does not fit all – Classify your inventory
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.
How and when to choose an inventory management system
Your supply chain business may be at the stage on the inventory maturity curve where you want to consider extending your ERP functionality to provide better demand planning and forecasting functionality. You won’t be starved for choice as there are many solutions available today.
Where is your supply chain business on the inventory maturity curve?
The foundation of any supply chain business is its Inventory. As with any “foundation,” if it’s not healthy and stable, the cracks will start to appear. Before long, you will have severe problems on your hands, which take away from the little time you have in dealing with emergencies.
Monthly versus weekly inventory forecasting
Businesses often insist on forecasting weekly, based on considerable demand variation from week to week. The rationale is weekly forecasting will be more accurate, will improve replenishment planning, and will lead to a better managed overall inventory. But will it?
How job roles will change as a result of 4IR
Some form of energy fuelled the 1st, 2nd, and 3rd industrial revolutions. The 1st revolution used steam, the 2nd , electricity; the 3rd saw the emergence of nuclear energy and the rise of electronics with the microprocessor as well as the rise of telecommunications and computers.
Extend your demand planning in Acumatica
In a previous blog post, we looked at the difference between Inventory Control and Inventory Management. Today, we want to look specifically at Acumatica, a true-cloud ERP application that has seen significant growth over the last few years. Our primary focus here will be on how it helps users with inventory tasks and where inventory-based businesses may need an additional tool.
Successful Inventory Management Software implementation tips
Improving your inventory balance gives your company a competitive edge: lower costs and higher customer fill rates lead to more success.
Damaged Inventory Guide: How to Minimize Spoiled Inventory
Unlock best practices and tips to safeguard inventory, minimizing the risk of damage and spoilage.
The types of inventory loss and how to minimize your risk
Inventory loss is either a result of admin mistakes, spoilage/stock damage, expired products, or even theft, all of which can end up being a substantial amount of loss if there are no prevention plans in place. Let’s look at some ways to minimize these losses before they put you out of business.
Inventory Control Vs Inventory Management
In today’s technologically advanced business landscape, you are doing a massive injustice to your business by not automating your inventory processes. It doesn’t need to cost you large sums, and you will undoubtedly see an ROI within a few months at the very latest, so the risk in this investment is minimal
How automated is your supply chain?
In previous articles, we’ve looked at the real cost of inventory and at the internal and external factors that affect your inventory planning and management. In this article, we’ll look at Artificial Intelligence, IOT, and Machine Learning to see how this technology is impacting companies today by reducing costs, streamlining efficiencies, and even saving lives.
Learn how Netstock improves your NetSuite inventory
Netstock pleased to announce we’re a sponsor at SuiteWorld19, the annual NetSuite conference for customers, partners, media, and industry analysts.
