A reorder point (ROP) is the minimum inventory level that triggers a replenishment order for a specific item. In essence, it’s a signal that says, “It’s time to restock!“ Reorder Point helps maintain optimal inventory levels. It is crucial as it avoids stockouts, optimizes inventory levels to reduce costs and spoilage, and improves cash flow […]| Cash Flow Inventory
Demand forecasting is the process of predicting the future demand for a product or service. It involves analyzing historical data and other relevant information to make an estimate of how much of a product or service will be required in the future. The purpose of demand forecasting is to help businesses make informed decisions about […]| Cash Flow Inventory
Overstocking refers to having more inventory than necessary to meet customer demand. Overstocking ties up cash and increases costs for both operations management and holding rents. As a result, your profitability is reduced. Overstock is also referred to as excess stock, excess inventory, stock surplus, or surplus inventory. Understocking means that you do not have […]| Cash Flow Inventory
Fresh and accurate inventory management statistics that can be trusted. Automation, supply chain, and warehouse stats. Use them to improve your operations.| FounderJar
