Supply chain management is an advanced way of reducing costs, minimising wastage, and increasing organisational agility. Successful supply chain management leads to leaner inventories and satisfied end-users. Today, software is solving many of the problems that have traditionally plagued supply chains. Here’s a quick guide. Continue reading “What Is Supply Chain Planning?”
Why Changes In Behaviour Patterns Have A Big Influence On Demand Forecasting
Human behaviour is largely unpredictable but when it comes to product demand, knowing a few typical patterns can help improve forecasting accuracy. Here is a quick guide. Continue reading “Why Changes In Behaviour Patterns Have A Big Influence On Demand Forecasting”
Reflex Planning: The Easiest Forecasting Solution Out There!
Forecasting software can make a significant difference to organisational success. It increases efficiency, reduces waste, increases sales, and enhances the ability to make strong, informed strategic choices. However, this is only the case if the software is up to the task. Reflex software is powerful yet easy to use. Here’s how it works. Continue reading “Reflex Planning: The Easiest Forecasting Solution Out There!”
Is Your Supply Chain Brexit-Ready?
Brexit is a big deal for any business attempting to forecast demand or planning a product launch over the next 6 to 12 months. The shape of Brexit is still undetermined. Nevertheless, the Withdrawal Agreement gives some indication about the state of trade between the EU and the UK over the coming years.
If the Withdrawal Agreement is ratified, some things will change, but disruption to supply chains will be minimal. A no-deal Brexit is a more worrying proposition, but even then, there are things you can do to limit its impact on your business and customers. Continue reading “Is Your Supply Chain Brexit-Ready?”
How To Plan Your Stock For Halloween – A Halloween Horror Story!
Come, gather near to the fire, friends, and let us tell you a story that will chill your bones…
Continue reading “How To Plan Your Stock For Halloween – A Halloween Horror Story!”
How To Forecast Demand For A New Product
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!)”