How to improve inventory turnover: 9 ways that do not hurt service
Inventory turnover tells you how many times a year your stock is sold and replaced. Higher turnover means the same […]
Inventory & replenishment
Inventory & replenishment
Reorder point vs safety stock: the difference and how they work together
Safety stock and the reorder point are often mixed up because they appear in the same formula. They answer different […]
Inventory & replenishment
Safety stock calculation examples: 5 worked problems
These five examples work through the most common ways to calculate safety stock, from the simplest to the one that […]
AI & data
ChatGPT prompts for supply chain: 25 prompts for planners and buyers
These prompts are written for planners, buyers and operations managers. Each one says who ChatGPT should be, what it should […]
Procurement & suppliers
Supplier scorecard: metrics, template and worked example
How to build a supplier scorecard: which metrics to use, how to weight them, a worked example with three suppliers, and what to do with the results.
Inventory & replenishment
Sell-through rate: formula, example and what is good
How to calculate sell-through rate, what counts as good, how it differs from inventory turnover, and what to do when a product sells too slowly.
Inventory & replenishment
GMROI: formula, example and what a good number looks like
How to calculate gross margin return on inventory, compare categories with a worked example, and use GMROI to decide what to buy, mark down or drop.
Inventory & replenishment
Open-to-buy: formula, example and how to plan it
How to calculate open-to-buy for a retail store, with the formula, a worked example, what a negative number means and how to plan by category.
Demand forecasting
S&OP vs SIOP vs S&OE: what is the difference?
S&OP, SIOP, S&OE and IBP explained in plain English, how they fit together, and which one a small or mid-size company should start with.