Optimization
How to Save on Safety Stock?
How can you reduce safety stock and save money? This article explores several practical methods that can be applied...
Accuracy of Forecasting or Profit: What Should Be Measured?
Forecast accuracy is one of the most popular metrics among inventory management professionals. But how does it relate...
Why should we calculate the order directly, rather than...
The classical approach to inventory planning is as follows: first, forecasting demand, then, based on the numbers...
Why Better Forecast Accuracy Doesn't Mean Better Profits....
Why Better Forecast Accuracy Doesn't Mean Better Profits. We discuss the 5 main challenges associated with using the...
How to determine the optimal service level
How to set the service level for a product or a group of products and what value would be optimal? We tell about the...
Empty Shelves: What Causes In-Store Stockouts and How to...
To keep your store shelves full and adequately predict consumer demand, consider using a checklist from Forecast NOW!
How Digital Twin Technology Helps in Inventory Management
This article describes how digital twin technology, coupled with probabilistic forecasting, helps you manage your...
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