by Vanguard Software | Apr 5, 2019 | Inventory Optimization, MEIO, Supply Chain
Businesses find managing inventory a tough balancing act in times of market volatility. It is more complicated in the case of larger businesses that have thousands of products at different locations worldwide. In general, they use either a single-echelon/single-tier...
by Vanguard Software | Apr 3, 2019 | Inventory Optimization, MEIO, Supply Chain
Anything from demand volatility to machinery repair to natural disasters can cause demand and supply estimates to go awry. Safety stock is extra or buffer stock held by businesses to avoid stockouts or shortages in such circumstances. Advantages of carrying safety...
by Vanguard Software | Mar 29, 2019 | Inventory Optimization, MEIO, Supply Chain
ABC classification or analysis is an inventory categorization system used in distribution management to identify and categorize a wide variety of items, such as manufactured products, spare parts, and finished and unfinished goods. The approach works by placing all...
by Vanguard Software | Mar 27, 2019 | Inventory Optimization, MEIO, Supply Chain
Accounting for inventory does not end with its purchase; carrying inventory involves much more cost. Businesses accrue carrying costs by holding inventory over a period of time. Holding too much inventory increases costs and affects liquidity. Read on to learn more...
by Vanguard Software | Mar 15, 2019 | Demand Planning, Inventory Optimization, Supply Chain
Demand planning is gauging the demand for products or services and allocating resources to create and deliver them. It is based on timely, reliable, qualitative and quantitative information. It helps ensure that all business operations are efficient and...
by Vanguard Software | Mar 13, 2019 | Demand Planning, Inventory Optimization, Supply Chain
Inventory management is all about supply and demand; if you don’t have enough products in your inventory, you could lose sales and jeopardize your business. Safety stock is also crucial if there are changes in consumer demand, stock problems, or bottlenecks in...
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