25th March 2021

Effectively Manage Your Restaurant’s Food Stock With Inventory Management Software

thumb image

As a restaurant, failing to anticipate a shortage of key ingredients can be costly in terms of profits, and embarrassing to your reputation. In an industry in which word-of-mouth recommendations and online reviews matter, both positive and negative diner experiences can spread like wildfire, directly affecting your footfall. Diners tend to offer loyalty to their favourite restaurant, too; a memorable experience encourages customers to return time after time. Diners can also be fastidious, with unavailable items on the menu a major cause of dissatisfaction.

 

Continue reading “Effectively Manage Your Restaurant’s Food Stock With Inventory Management Software”

Read More
13th January 2021

Inventory Management Systems: How To Check You’re Not Paying Extra For Services You Don’t Need

thumb image

Bundle services are the oldest trick in the book. Pay for what you need, and then pay a little more for things that you might need down the line, and all too quickly a business is paying for services that it doesn’t need at all. Thankfully, ethical companies are making their mark in the software sector.

Reflex Planning Inventory Management Software Guide Button

Continue reading “Inventory Management Systems: How To Check You’re Not Paying Extra For Services You Don’t Need”

Read More
12th January 2021

Inventory Management Software – Find A Scalable & Flexible Solution That Will Grow With Your Business!

thumb image

Are you a small business owner wondering about how to make the most of precious investment capital? Are scalability and flexibility at the top of your list of needs? Finding an inventory management software solution that will grow with your business can take the pressure off whilst enhancing the process.

inventory-management-software-guide-button

Continue reading “Inventory Management Software – Find A Scalable & Flexible Solution That Will Grow With Your Business!”

Read More
29th December 2020

What Is Supply Chain Management Software Used For?

thumb image

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.

Reflex - REQUEST A DEMO - blue

Continue reading “What Is Supply Chain Management Software Used For?”

Read More
22nd October 2020

Supply Chain Management For Spikes In Demand

thumb image

The recent COVID-19 crisis has highlighted how peaks in consumer demand can occur with little warning. With hand sanitiser, toilet roll, pasta and flour amongst the products that have disappeared from the shelves of the world’s supermarkets as a result of panic buying. But spikes in demand don’t only occur when a once-in-a-lifetime pandemic sweeps the globe. Manufacturers should be aware of the possibility for unexpected peaks and troughs to occur with little warning, as well as pressure on the supply chain, which is vulnerable to extremes of weather, celebrity endorsements and shortages of raw materials, among other factors. Ultimately, this is where supply chain management software can shine.

Like the species in a food chain, over-demand for a particular product can have a knock-on effect on other products. Panic buying for essentials, or anxiety about the economy, can dissuade people from purchasing ‘luxury’ items, leading to a fall in demand for items that ordinarily would prove popular. Thus, a spike in demand for only a few product lines can have significant effects on the entire supply chain.

Reflex - REQUEST A DEMO - blue

Continue reading “Supply Chain Management For Spikes In Demand”

Read More
08th October 2020

The Future Of Just-In-Time Supply Chains After Coronavirus

thumb image

Since its development in the late 1970s, the Just-in-Time (JIT) model for supplying manufacturers and retailers has come to dominate global demand forecasting and supply chain management. By cutting down the active supply of goods and parts to a small window through digital management, the Japanese carmaker Toyota pioneered a method that all but eliminated sprawling stockrooms and unintentional wastage. Parts arrived at the worker or robot, who added it to each car ‘just in time’ – creating a seamless, fast assembly line and supply chain. Demand forecasting, direct ordering, globalisation, and active data monitoring enhanced JIT further, creating intricate global supply chains to meet demand at the lowest possible cost to companies.

Continue reading “The Future Of Just-In-Time Supply Chains After Coronavirus”

Read More
22nd September 2020

How to Make your Demand Forecasts More Accurate and Effective

thumb image

The art of demand forecasting for businesses can be incredibly tricky to get right at the best of times. Due to the COVID-19 pandemic, making accurate sales forecasts for 2020-2021 is a hard challenge for professional predictors.

Seemingly random local lockdowns, rapid changes in consumer behaviour and spending, an eccentric and hard-to-predict recession, and strange patterns of investment have made for a unique and chaotic landscape. Software and analysts rely on past data to produce an accurate picture of the future. When something unprecedented or unexpected happens, a rigid algorithm or basic model struggles to cope.

Continue reading “How to Make your Demand Forecasts More Accurate and Effective”

Read More
20th September 2020

The Reflex Christmas 2020 Challenge: Can You Implement A Forecasting Solution In Time?! (Hint: We Can!)

thumb image

With customers racing to buy everything from turkeys to the latest toys, did you see a welcome spike in sales in the run-up to the festive season? It is a busy time of year and we know that Christmas can also bring unwanted gifts in the form of unhappy staff, dissatisfied customers, frustrated suppliers, and increased costs if you aren’t well-prepared. Utilising an effective forecasting and inventory management system can help you to mitigate these risks. But can you rise to the challenge and implement one in time for this year’s busy festive season? Continue reading “The Reflex Christmas 2020 Challenge: Can You Implement A Forecasting Solution In Time?! (Hint: We Can!)”

Read More
15th September 2020

What Are The Implications Of Poor Forecasting For My Business?

thumb image

Being able to predict sales figures and strategising for periods of peak customer demand is central to a business’s success, as effective planning ensures an uninterrupted supply chain, low costs, competitive prices, and satisfied customers. Poor planning damages operations, restricts growth, and harms your reputation in the marketplace. Accurate forecasting is, therefore, essential. If your business model is due a review, take time to consider the potential implications of poor forecasting, to ensure your organisation doesn’t fall into the trap of not anticipating the future accurately.

Continue reading “What Are The Implications Of Poor Forecasting For My Business?”

Read More
08th September 2020

4 Ways Demand Forecasting Software Helps Your Business Understand Your Market And Make Better Decisions

thumb image

As market conditions change rapidly, and businesses across all sectors face instability and a challenge from competitors, demand forecasting software has an increasingly important role to play in securing their future.

Continue reading “4 Ways Demand Forecasting Software Helps Your Business Understand Your Market And Make Better Decisions”

Read More

Call us to find out how we can help you too.

Call +44(0) 1889 508 075

Contact Us