The Best Inventory Planning for Your Needs
Inventory is a precarious aspect of every company. The need to assess demand and supply curves is critical in advising the need for inventory in manufacturing and warehousing, hence the need for inventory planning to address these and other top inventory concerns. Types of Inventory An appropriate and effective inventory plan starts by factoring in […]
The Ultimate Demand Planner Dictionary
Demand planning is an integral part of supply chain management. In short, this process is responsible for using analytical tools to predict consumer demand for products. A demand planner strives to find the perfect balance between having enough product to meet consumer demands without having an excess that eats into the company’s bottom line. Many […]
How a Wholesaler Can Make an ERP Integration Seamless
Most wholesalers have to deal with numerous problems when integrating an ERP with their current systems. The complexity of the installation and other common but avoidable challenges like selection problems of the right ERP means that most wholesalers often have to deal with a variety of issues after the ERP integration. According to Panorama, 53% […]
What is Supply Chain Management and Why Is It Important?
Your supply chain is the culmination of all the resources required to deliver goods to your customers. Because many businesses are continuously changing inventory, supply chain management is critical to the ebb of flow of materials, and an essential part of high customer satisfaction and overall company success. That is why businesses should make a […]
Why You Need an Accurate Inventory Forecasting Approach
The greatest challenge faced by startups and established businesses with physical goods on hand, is stock and inventory management. While entities may tie up staggering amounts of capital in inventory, most still fail to track their merchandise or still leverage conventional manual approaches. This could lead to many setbacks that may increase wastage and lower […]
How Dashboards are Transforming Supply Chain Planning
How Dashboards are Transforming Supply Chain Planning Inventory management and supply chain planning is a moving target for most distributors and manufacturers. Even with modern technology and best practices, stockouts, forecasting and maintaining high customer service levels is challenging. Ready to take supply chain planning to the next level of efficiency and accuracy? Download Dashboard-Driven […]
3 Ways Using Dashboards Can Improve Customer Satisfaction
When manufacturers and distributors seek to grow their business or stay ahead of the competition, they often focus on the nitty gritty details of efficient supply chain management. This is indeed critical, but it’s always important to keep the end goal in sight: finding and keeping customers. At the end of the day, you need […]
Distributors and Manufacturers: How to Transform Your Business with Dashboards
For distributors and manufacturers, maintaining good margins requires reducing costs while increasing customer satisfaction. You have to continuously hone your processes and decision-making so you’re operating on the razor-thin edge of maximum efficiency. With today’s technology, it’s possible to gather loads of data about daily operations. The challenge is how to compile and interpret this […]
StockIQ Welcomes Todd Warnygora as Customer Experience Lead
StockIQ Welcomes Todd Warnygora as Customer Experience Lead The StockIQ team is growing and we couldn’t be more excited to welcome Todd Warnygora to his new role as Customer Experience Lead. Todd has dedicated the last two decades to supply chain planning software and process optimization, and he will be a valuable resource for our […]
Inventory Classification 201
While one of the basic processes in successful inventory management is inventory classification, as we discussed in our Inventory Classification 101 article, there are some additional considerations for practitioners of best-in-class inventory management that can help make sure optimizing your inventory investment. Inventory Classification Fundamentals The fundamentals of inventory classification are always helpful, whether or […]
