Inventory Planning Blog

Valogix Stocking Quantity and How It Compares to Min, Max, and Safety Stock

Posted on Tue, Jan 07,2020@06:00 AM

As the New Year begins, today’s challenging business climate is forcing managers to look for simple, yet effective ways to reduce waste and improve productivity to increase profitability and service. Finished goods, production materials and service parts inventory planning are prime candidates. With thousands of items to manage, sometimes at multiple locations, the lack of scientific automated tools has made the job almost impossible leaving companies with too many of the wrong items and not enough of the critical ones. The result is unnecessary inventory expense, while suffering service-limiting stock-outs.

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Tags: Inventory Planning, Valogix, warehouse management, supply chain planning

Inventory Forecasting Overview Part 1

Posted on Tue, Jun 07,2016@09:47 AM

This is Part 1 of a two-part series on inventory forecasting. This blog provides some basic information about viable inventory forecasting techniques. Forecasting is a key step in inventory planning but not the only one. There are other key variables and processes that come into play in good supply chain replenishment planning including inventory rationalization and optimization..

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Tags: inventory optimization, stock forecasting, inventory forecasting, warehouse management