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Machine Learning in Stock Optimisation

September 09, 2020 by Slimstock

We cannot ignore it. The complexity of supply chains has increased exponentially in recent years. Whereas once upon a time, a good business strategy alone would be enough to compete, overcoming complexity is now what ultimately sets a business apart from its competitors; a trend which will only become more prevalent in the coming years.

categories: Service

Inventory Planning: Excel vs Demand Planning Software

August 04, 2020 by Slimstock

For almost all business professionals, the relationship with spreadsheets started when they were at school. Over time, they become familiar with the intricacies of the tool. As a result, spreadsheets are often the default programme for every bit of analysis required.

categories: Service

Strategies to Operations Series 3: Product Life-Cycle

June 05, 2020 by Slimstock

Every product goes through a product life-cycle consisting of five phases. As a supply chain professional, how can you ensure you keep just enough inventory at every stage? Unfortunately, the duration an item spends at each stage is different for every product, as is the growth curve and total demand. Furthermore, a large number of products fail during the introduction phase and thus move directly to the phase-out aspect of the product lifespan.

categories: Service

Strategies to Operations Series 2: ABC/XYZ

April 14, 2020 by Slimstock

Through finding the balance between investment in inventory and service levels, businesses can exploit the laws of Pareto principle in order to adopt a more proactive approach to managing the entire assortment. It is no secret that for many businesses, 80% of the turnover is generated by just 20% of the assortment. Given that such a large proportion of the assortment seemingly offers such little value to the business, you would be forgiven for focusing all of your attention on the best[...]

categories: Service

Strategies to Operations Series 1: Assortment Index

February 11, 2020 by Slimstock

For a business to succeed, the inventory strategy must align with the overall corporate vision of the organisation. However, when it comes to executing the supply chain strategy, even seemingly small inventory management decisions can have a profound and far-reaching impact across the rest of the organisation.

categories: Service

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