The success of inventory optimization – and ultimately, positive customer service – relies on a multitude of decisions. Choices are required at every stage of the process to ensure not only that the right products are in the right place, at the right time, but also...
Nobody said this year was going to be easy, but who would have forecast we’d be in this situation 6 months ago? Although COVID-19 first hit the news cycle in December, there was no mention of UK lockdown until at least early March. In fact, rather like Michael Fish...
Current market volatility and turbulent demand patterns call for some ‘padding’ in your inventory in order to satisfy unexpected spikes in demand or issues with supply. A fine balance needs to be struck though – too much excess stock ties up your working...
We’ve previously addressed some of the fundamental issues with employing an Excel-based system. The weaknesses of these models is currently being brought into particularly sharp relief by the volatility of demand levels and changing consumer behaviour. Here, we’re...
Demand planning and inventory management processes exist to help avoid: Unnecessarily high levels of inventory (overstocks) Costly inventory write-offs Excessive use of premium transportation services Missed commitments and poor service levels ERP systems track stock...
“After exploring several options, it was clear that AGR had the capability to optimise our entire #inventory management process." says Duncan Morrow, Commercial Director at OTL.
We're happy to announce a recent investment in AGR Dynamics. A new ally in our journey to help #retailers and #wholesalers become more successful by making an impact and drive change by eliminating waste in the supply chain.
Unpredictable patterns of demand create challenges for managing inventory. These primarily manifest themselves in either excess inventory or issues with fulfilling service levels. https://t.co/4lUPUWrggp
According to the Hustle, which base it on Happy returns data, items purchased online are 3-4x more likely to be returned than those purchased in store. Last year customers returned nearly $1 out of every $5 spent online. https://t.co/3Sktz9de5q #Retail
