Remove Demo Remove Examples Remove How To Remove Replenishment
article thumbnail

What Are Reorder Points and How to Calculate Them

Ship Monk

This article will explain what reorder points are and show you how to calculate them. How to Calculate a Reorder Point. How to Calculate Demand During Lead Time. Using the tea kettle example above, let’s say the maximum number of blue tea kettles you’ve ever sold in one day is 45. What is a Reorder Point? Safety Stock =.

How To 52
article thumbnail

How to Improve Inventory Turnover with Inventory Optimization

EazyStock

How to Increase Inventory Turnover with Inventory Optimization. This post will explain how, but first, let’s deal with a few simple definitions. In these situations you have to think smartly and weigh the costs against each other for replenishment. The Importance of Improving your Inventory Turnover.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Minimize Impacts from Supply Chain Disruption

EazyStock

In this piece, we’ll take a look at some of the top types of supply chain disruptions, the impacts that they have on your supply chain, how to mitigate whatever risk you can and finally how you can handle supply chain disruptions once they occur and come out on top. Types of Supply Chain Disruptions.

article thumbnail

How to Calculate and Apply ABC Classification of Inventory

EazyStock

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. How to Calculate ABC Classification. Here is a working illustration of how to divide your inventory using annual consumption value.

article thumbnail

How to Manage Inventory in a Growing Business

EazyStock

In this post we’re exploring how to manage inventory effectively when you’re faced with a growing product portfolio. For example, some will be at the growth stage with either positive demand or ‘fast’ demand e.g. selling a steady volume. The post How to Manage Inventory in a Growing Business appeared first on EazyStock.

article thumbnail

How to Avoid Stockouts with Better Inventory Management

EazyStock

For example, when there is only a day, a week or a month’s worth of stock left, based on the item’s average sales. If you’d like to know more about how EazyStock can support your inventory management processes and help better manage supply chain disruption please request a demo.

article thumbnail

6 Inventory Control Techniques for Stock Optimization

EazyStock

There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. In this post we’ll look at 6 inventory control techniques that will specifically show you how to control your stock levels, help you optimize your inventory and maximize profits. Understand your demand.