Inventory Management

The complete guide to inventory forecasting

20 minutes read

Inventory forecasting can help you reduce inventory and increase product availability. The process requires smart software algorithms to succeed. If done right, inventory forecasting also improves your customer satisfaction and saves time on replenishment administration.

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Sales forecasting and inventory optimization

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Six effective ways retail businesses get rid of their dead stock

dead stock

Dead Stock. They hold your inventory space and your cash flow at the same time. More importantly, they hold you back from real growth. Our data shows that on average dead stock makes up around 40% of your inventory, which makes it a major obstacle to your business success.

How to reduce inventory, with or without a software solution

In general, Inventory management is how you can make sure your customers can spend as much money as possible at your company. This means keeping products available for sale, offering customers the products they want to buy, and not keeping unnecessary overstock, all at the same time.

5 signs you need to invest in BI software for your retail business

business intelligence

The retail business becomes ever more competitive, organizations that use some sort of business intelligence software seem to have an advantage over those who don’t. And everybody seems to be crazy about AI. It’s AI this, AI that. But is AI the answer to everything?

Inventory Management explained

inventory management explained

Inventory management is a field of supply chain management, and as such, it belongs to the most complicated tasks of humanity.