Aditya Kumar RanaBalancing Carrying Costs and Obsolescence — Navigating the Dance of Efficiency and Adaptability in…Product obsolescence is like the ghost of inventory past coming back to haunt you — it can be quite spooky for your bottom line! But when…2 min read·Feb 3, 2024----
Aditya Kumar RanaEmbracing ABC Analysis for Smarter Supply Chains.ABC analysis, also known as Pareto analysis or the ABC classification system, is a method used in inventory management to categorize items…1 min read·Jan 12, 2024----
Aditya Kumar RanaHow does inventory planning help in better forecast accuracy?Inventory planning plays a crucial role in improving forecast accuracy by aligning inventory levels with expected demand.3 min read·Dec 26, 2023----
Aditya Kumar RanaPotential benefits and considerations associated with reducing on-hand inventoryReducing on-hand inventory can have several positive impacts on a business, including cost savings, improved cash flow, and increased…2 min read·Dec 20, 2023----
Aditya Kumar RanaIntegrating demand forecasting adDemand forecasting and customer collaboration are critical elements in optimizing inventory management, production planning, and overall…2 min read·Dec 11, 2023----
Aditya Kumar RanaProblems faced in current inventory management scenariosManaging inventory is a critical aspect of running a successful business, and various challenges can arise in the process. Here are common…2 min read·Nov 29, 2023----
Aditya Kumar RanaWhy is vendor/supplier integrity important for supply chains?Vendor or supplier integrity is crucial for a supply chain’s overall effectiveness and success. The relationship between a company and its…2 min read·Nov 25, 2023----
Aditya Kumar RanaHow Market Dynamics affect Demand Forecasting?Market dynamics play a crucial role in the accuracy of demand forecasting. Changes in the market environment can significantly impact…2 min read·Nov 16, 2023----
Aditya Kumar RanaInventory Control Methods and KPIsInventory control is how an organization can maximize profits with minimum inventory investment without affecting customer demands in an…5 min read·Nov 6, 2023----