Improving Your Reordering Strategies With Advanced Analytics

Jonny Parker
December 1, 2023

If a business’s supply chain challenges are a door, consider its inventory replenishment strategy as the hinge. This strategy determines how businesses reorder items from suppliers to meet demand. When the supply orders meet the pace of demand, storage costs can be kept down and customers can be kept satisfied.  

The problem facing any business with a supply chain is that replenishment strategies, even effective ones, stop working when internal or external factors change demand suddenly. 

To meet changes in demand caused by anything from global market changes to seasonal consumer tastes, many businesses burn through their reserves paying for overstock and dealing with stock outs. Advanced analytics provide a modern solution to runaway warehouse costs by automating basic reordering strategies while customizing data collection methods for each business’s needs. 

The importance of replenishment strategies

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