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Overcome Your Inventory Challenges With Smart, Data-driven Demand Forecasting

Posted by Dominic Sutton on Jun 27, 2019 6:07:53 PM

It’s critical that your inventory system can cope with the complexities of the ever-changing sales and distribution landscape. Increased global competition has new products always entering the market, and multiple sales channels – from traditional brick and mortar stores through to online shopping, and third-party marketplaces like Amazon – give your customers greater access and choice.  What’s more, customers are more discerning than ever. If you make a mistake or delay shipment of your products because your demand forecasting is not up to scratch, they are likely to leave you and spend their money elsewhere.

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Are You Crystal Ball Gazing With Your Inventory Forecasting?

Posted by Dominic Sutton on Jun 14, 2019 12:00:30 PM

When it comes to inventory planning, using a spreadsheet is about as sophisticated and reliable as gazing into a crystal ball. Most businesses have moved away from spreadsheets for their accounting, customer relationship and workflow management, and with good reason. Yet even established global organisations are still relying on spreadsheets for one of their most critical functions: making sure their inventory is not understocked or overstocked, but just right.

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Topics: inventory forecasting machine learning, inventory forecasting software, inventory forecasting demand planning software

How Machine Learning is changing Inventory Management & Forecasting

Posted by Dominic Sutton on May 2, 2019 1:02:27 PM

With artificial intelligence having a massive rise in popular culture over the past couple of years, conjuring up sci-fi images of intelligent robots taking over the world, cars that drive themselves, speculation that all our jobs will be made redundant, and so on, one question is – what can artificial intelligence really do, and can businesses actually use this technology today?

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Topics: machine learning, inventory forecasting machine learning, inventory forecasting, inventory forecasting software

Backing A Great Idea

Posted by Dominic Sutton on Apr 3, 2019 12:59:52 PM

Read our article written by NZ Business Magazine (published April 2019) about how we got started.

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10 Ways StockTrim is Superior to Other Inventory Forecasting Methods

Posted by Dominic Sutton on Mar 25, 2019 5:26:23 PM

We often get inquiries off our website asking why StockTrim is superior to other inventory forecasting tools available.

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Topics: inventory forecasting, inventory forecasting software, inventory forecasting demand planning software, inventory forecasting methods

Supply Chain Analytics Market to Double to $7.1 Billion in Next Five Years

Posted by Dominic Sutton on Feb 20, 2019 1:51:00 PM

Here's some good validation for the reason why we created StockTrim.

Recent research (link below) estimates the global supply chain analytics market to grow from USD 3.6 billion in 2018 to USD 7.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period.

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What’s the difference between Inventory Management and Inventory Forecasting?

Posted by Dominic Sutton on Feb 8, 2019 11:08:13 AM

In a nutshell – Inventory Management deals with what you have, Inventory Forecasting deals with what you should have.

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Topics: inventory forecasting, inventory forecasting software

New Zealand coder takes stock as his company goes global

Posted by Dominic Sutton on Feb 2, 2019 11:02:06 AM

This article in stuff.co.nz on 5th December 2018 tells you a little more about how StockTrim came about...

A computer programmer is grinding his way to fortune with a little inspiration and a lot of hard work, as his artificial intelligence software spreads across the world.

 

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Feilding coder takes out Manawatū's Innovate 2017 with stockroom software

Posted by Dominic Sutton on Dec 21, 2018 11:35:00 AM

A Feilding coder's creation is now one step closer to taking on the world, after winning the Innovate entrepreneurial challenge.

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