Managing Delivery Lead Times: Why It’s Critical and How to Get Started
Today’s customers expect faster and more reliable deliveries than ever before. This means that long and unpredictable delivery lead times can lead to lost sales, frustrated customers, and increased operational expenses for inventory-based businesses. On the other hand, well-managed lead times can correlate to customer satisfaction, reduced inventory costs, and improved cash flow. Regardless of […]
What is Inventory Optimization Software and How Can It Benefit Your Business?
Businesses in the supply chain need to have masterful control over their inventory practices. But as it turns out, managing inventory effectively is one of the biggest challenges businesses face today. Ordering too much stock will tie up capital and increase storage costs, while having too little leads to stockouts and missed sales opportunities. Striking […]
How to Update Your Reorder Point Process with StockIQ
It’s never ideal to run out of inventory. However, it can be challenging for businesses today to strike the right balance between supply and demand, given the fast and volatile nature of today’s supply chain. To ensure your inventory is always properly stocked, it’s important to determine the right processes and systems for reordering when […]
How to Use ABC Analysis for Better Inventory Decisions with StockIQ
When it comes to excellent inventory management, it’s important to continuously strike the right balance between supply and demand, to avoid overstocking and understocking. To help inform your ordering practices, you can turn to a simple yet powerful technique called ABC analysis. ABC analysis allows you to prioritize stock based on value and demand, using […]
Guide To Understanding Safety Stock Patterns & Antipatterns
When it comes to inventory management, safety stock is a crucial buffer between smooth operations and significant disruptions. Safety stock refers to extra inventory kept on hand to minimize the risk of stockouts, and it can help your business navigate volatility and unpredictability in the supply chain. But getting safety stock right isn’t as simple […]
What is Inventory Control? (2025 Edition)
In 2025 and beyond, businesses need to have control over their inventory to maximize profitability, reduce unnecessary expenses, and maintain agility. At the heart of this challenge lies inventory control, the practice of managing a company’s stock. While inventory control has long been a critical process, it’s even more important in the modern supply chain, […]
Sourcing Raw Materials: A Better Process
Sourcing raw materials is an essential part of supply chains, and the way businesses execute this process is changing. In recent years, challenges like supply chain disruptions, fluctuating costs, and growing demands for ethical business practices have triggered changes in the sourcing process. As we move into 2025, it’s clear there’s a need for a […]
How Blockchain is Transforming Supply Chain Management
There are many new technologies revolutionizing the way the supply chain functions, from artificial intelligence to automation. However, there’s one cutting-edge technology that’s only just starting to impact the supply chain, but which promises to be a game changer: blockchain. Originally developed for the cryptocurrency space, blockchain technology is often described as a “decentralized ledger,” […]
Improving Inventory Management with Advanced Analytics
The way a business manages its inventory can have cascading impacts on everything from profitability to customer satisfaction. This is particularly true in today’s modern buying era, shaped by trends such as e-commerce and a globalized supply chain. Traditionally, inventory management methods often relied on manual processes and limited data analysis, leading to common challenges […]
Exploring the Implications of Just-in-Time (JIT) Inventory Management in the UK Automotive Industry
Just-in-time inventory management, also known as JIT, is a strategy used in the supply chain, where orders of raw materials are aligned with production schedules, so goods are produced as-needed. There are many potential benefits to just-in-time inventory management, from reduced storage costs to reducing excess and waste. And while this system can be found […]
