Discover the demand forecasting best practices that help inventory teams reduce waste, improve accuracy, and avoid costly stockouts. Learn proven methods, key formulas, and actionable tips to optimise your forecasting process.
Centralizing inventory data into a single, reliable source—like an ERP system—reduces errors, improves visibility, and streamlines decision-making. When paired with advanced inventory management software, businesses can automate processes, improve forecasting, and boost efficiency. In today’s unpredictable environment, accurate, accessible data isn’t just helpful—it’s a strategic advantage.
Whether you’re new to logistics or a veteran, safety stock is an important concept that many people can be confused about. As a simple explanation, safety stock is an extra amount of stock that is maintained to mitigrate a risk of stockout. That is all well and good, but how is safety stock calculated in order to prevent a stockout? The answer to that is affected by a number of different variables: How predictable is the product in sales? How well is the forecast model fitted? What is the lead time? What is the forecast for the item? What is the confidence level and set service level? That may see like a lot, but all of these factors will affect an item’s safety stock.
If your supply chain isn’t data-driven, you’re making costly mistakes—stockouts, overstock, unreliable suppliers, and lost customers. Without accurate data, you’re operating blindly, wasting money, and falling behind competitors who are optimizing their operations. This blog breaks down seven critical ways poor data is hurting your business—and how you can fix it before it’s too late.
Tariffs are reshaping global trade, prompting businesses to rethink sourcing strategies and optimize their supply chains. This blog explores how companies can navigate these challenges, leveraging AGR's advanced inventory management solutions to build resilient and cost-effective operations. Discover actionable insights on managing disruptions, rising costs, and the power of AI-driven decision-making.
Some of you hope to see AI integrated into tools you already use, while others wonder whether AI is relevant for small businesses like yours. The answer is simple: AI is already making a difference in supply chain management, and its potential is enormous, regardless of business size or turnover.
Learn all about the key KPIs in inventory management: definitions, formulas, and tips.
By
AGR Inventory
Subscribe to our newsletter today!
By completing and submitting the form, you will receive information, tips, and promotions from AGR. To learn more about how AGR uses your information, see our Privacy Policy.