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How to Calculate Inventory Holding Cost or Carrying Cost

Ship Monk

Use inventory management tools, such as the economic order quantity formula , to help you figure out how much of each item to order, and how often, to reduce setup costs and holding costs. Identify slower moving products and adjust ordering quantity and frequency so you’re not carrying more inventory than you need.

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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. Reducing stock levels to carry more lines (without accurate forecasting and inventory optimization tools) can lead to stockouts and expensive backorders or rush orders from suppliers. 1: Supply chain complexity.

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eCommerce Warehouse Management: Everything You Need to Know

Conger

How to choose the right system for you. How to Choose an eCommerce Warehouse Management System. How to Choose an eCommerce Warehouse Management System. That includes things like enterprise resource planning (ERP) and maintenance software. One of the best ways to determine this is to request a demo from the vendor.

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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. Schedule a Demo.

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The fundamentals of demand planning and forecasting

EazyStock

They can then understand how to limit the impact of supply chain disruption to continue to meet customer demand. Demand forecasting provides the information management teams use to plan how to meet that demand. Some ERP or inventory management systems will also offer demand planning functionality.

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The fundamentals of demand planning and forecasting

EazyStock

They can then understand how to limit the impact of supply chain disruption to continue to meet customer demand. Demand forecasting provides the information management teams use to plan how to meet that demand. Some ERP or inventory management systems will also offer demand planning functionality.

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Coronavirus Series Part 3 – Improving Inventory Planning During the COVID-19 Pandemic

EazyStock

In this four-part blog series we look at the impact COVID-19 has had on supply chains and how inventory optimization software can help. So far we’ve discussed how to overcome demand forecasting challenges due to Coronavirus. How to identify stock items that are critical to their business.