From delayed deliveries to inaccurate orders, small vendor issues can snowball into major supply chain disruptions. In this post, we break down the five key metrics every supply chain team should track to evaluate and improve supplier performance. Whether you're managing dozens of vendors or just starting to formalize reviews, this guide will help you turn data into better decisions—and stronger supplier relationships.
Read on as we explore five best practices that will help to tackle your inventory management iceberg to maximise profitability and customer satisfaction.
Everywhere you look, you’ll find the Pareto Principle — also known as the 80/20 rule. 20% of minerals make up 80% of the Earth’s crust, 20% of species are responsible for 80% of the world’s biomass, and in business, 20% of customers generate 80% of profits. The question is, do you know which 20% of your wholesale inventory is driving 80% of your revenue? If not, it’s time to think about ABC analysis.
AGR’s forecasting and AI experts, Fanndís Kristinsdóttir and Ástrós Eir Kristinsdóttir, break down how AI can improve demand forecasting for any sized business and create a better plan for the future.
Whether goods are flying off the shelves or hanging around even after deep discounts, you need to know. To find out, you need to take the pulse of inventory turnover — how quickly products sell and are replaced during a set period.
Essential guide for wholesalers on mastering accurate inventory forecasting for business success (AGR - Ultimate Inventory Control).
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AGR Inventory
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