Summary Good inventory control is all about knowing what you have, where it is, and when you need to replenish it. When stock is not managed properly, businesses can end up with too much inventory, frequent stockouts, unnecessary waste, or money tied up in products sitting on shelves. Techniques such as ABC analysis, reorder points, safety stock, FIFO,
Modern supply chains move fast, and the right scm tools help teams plan demand, manage inventory, coordinate suppliers, run warehouses, and ship orders with fewer delays. This guide explains the main types of supply chain tools, what they do, and how to choose a practical mix for stronger supply chain management. You will also see how scm software
Supply chain optimisation is the practical work of making goods, information, suppliers, inventory, people, and delivery routes perform better together. For most organisations, the goal is simple: improve service, reduce waste, support cost reduction, and build a supply chain that can adapt when demand, capacity, or market conditions change. The best
Supply chain planning matches demand, supply, inventory, production, procurement, and logistics so products move from source to customer with less friction. Done well, it improves supply chain efficiency, cuts avoidable costs, and helps teams see what to make, buy, store, and ship. The best approach uses clear process, good data, cross-team decisions, and
The stock turnover ratio helps a business understand how efficiently it sells and replaces inventory during a period. In simple terms, it connects the cost of goods sold with the average stock held, giving managers, students, and business owners a practical view of inventory movement. This guide explains the stock turnover ratio formula, its meaning,
Inventory control is vital for any business managing stock. It ensures optimal stock levels and reduces costs. Understanding inventory control basics can improve efficiency and profitability. The first step in the inventory process is crucial. It involves identifying and categorizing inventory items. This step sets the foundation for effective
Summary This blog explains the reorder level formula and its importance in inventory management. It covers how businesses can calculate the right time to reorder stock using usage rate, lead time, and safety stock, helping prevent stockouts, reduce inventory costs, improve operational efficiency, and maintain optimal inventory levels for better customer
Summary This blog explains that Supply Chain Management (SCM) is the strategic process of managing sourcing, production, and distribution, while logistics focuses on the operational movement and storage of goods. It highlights their differences, overlaps, challenges, and the role of technologies like ERP in integrating both. The key takeaway is that
Introduction The baby and children’s products distribution industry is growing rapidly, driven by the rising demand for quality kidswear, toys, educational products, and baby essentials. Managing a distribution business in this sector is complex and for that, you need accurate inventory management, GST-compliant billing, multi-channel sales integration,
We are thrilled to share that LOGIC ERP has partnered with Chitkara University, one of India’s most prestigious educational institutions, to implement a Uniform Inventory Management Software Solution. With thousands of students across its campuses, Chitkara University faced the challenge of efficiently managing the procurement, stocking, and
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