Releasing new products can be an unpredictable business. Creativity, innovation, and being able to move nimbly into a market gap are crucial elements of the successful organisation’s toolkit. However, when there is no previous data or experience, making forecasts can be challenging. Here’s how to forecast demand for a new product. Continue reading “How To Forecast Demand For A New Product”
5 Causes Of Bad Forecasting
The ancients did it with oracles, tea leaves, and dreams. Thankfully, today’s forecasting has the potential to be much more reliable. However, bad projections still abound. Here are five reasons why your forecasting may be more of an optimistic oracle than an evidence-based projection. Continue reading “5 Causes Of Bad Forecasting”
Why Not To Use Excel For Your Trade Forecasting Solutions
Microsoft Excel was never intended as a forecasting tool. Initially released in 1987, the idea was to offer basic spreadsheet capabilities. Over time, Excel has been adapted for use as a Decision Support System (DSS). However, with purposefully crafted software now available, fewer companies are lingering in the dark ages. Here’s how to improve your forecasting performance by avoiding Excel. Continue reading “Why Not To Use Excel For Your Trade Forecasting Solutions”
10 Tell-Tale Signs Of A High-Quality Inventory Management System
When it comes to inventory management, quality is important. Inventory management systems quickly become embedded into the heart of an organisation, so it pays to select an option that ticks all the important boxes. Here are ten tell-tale signs that prove that your system is at the top of the game. Continue reading “10 Tell-Tale Signs Of A High-Quality Inventory Management System”
The Convenience Of Reflex Management Software At Reflex (And 7 Ways It Will Boost Your Business!)
Some people love a spreadsheet, but can inventory management ever replace that pared-down simplicity and ease of use? At Reflex, we think it can do all that and so much more. Here are seven ways that Reflex inventory management software can boost your business. Continue reading “The Convenience Of Reflex Management Software At Reflex (And 7 Ways It Will Boost Your Business!)”
Importance Of Inventory Management In An Organisation
There are many things in business that are guaranteed to generate sleepless nights. A warehouse filled with dust-laden boxes is one. Disgruntled customers waiting too long for their orders is another. Getting it right is notoriously challenging: one bad decision, and everything can start tumbling. Here’s a guide to why inventory management matters, and how you can ensure that you make the right choices. Continue reading “Importance Of Inventory Management In An Organisation”
If You Want To Be Proactive, Inventory Management Software Is The Answer!
Proactivity is the key to organisational success. Finding the best formula can be a challenge. Today, we take a look at how inventory management software can boost efficiency, reduce wastage, and save time.
But first, what is inventory management software…? Continue reading “If You Want To Be Proactive, Inventory Management Software Is The Answer!”
How To Forecast Things That Are Unpredictable
The world often feels like it is full of unpredictable events and behaviours. Making the right choices in demand forecasting can feel like a game of chance, filled with wildcard variables that can threaten the balance of the equation. However, behavioural psychology and human geography can offer powerful insights. Here’s what you need to know. Continue reading “How To Forecast Things That Are Unpredictable”
5 Benefits Of Inventory Management Software
When it comes to investing in software, information is everything. There are many different ways to get it, but choosing the right strategy for your circumstances will make all the difference. Inventory management software always sounds logical on paper, but will it work for you? Continue reading “5 Benefits Of Inventory Management Software”
4 Signs You Need Better Inventory Management
Are you looking for ways to improve performance, make customers happier, and reduce costs? Inventory management software is an excellent way of smartening up an organisation and raising efficiency. When deciding whether the upgrade is worth it, there are several signs to look for. Continue reading “4 Signs You Need Better Inventory Management”