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A dark wooden table with three wooden ABC blocks on their sides. The A is outlined in red, the B is outlines in orange and the C is outlined in blue. Just below them is a wooden abacus lying flat on the table with 1 2 3 4 5 etched into the top and rows of beads in red and yellow partly visible and green and orange rows partly visible.
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How to calculate ABC analysis – a working example

What is ABC analysis/ABC classification? Inventory management teams use ABC classification (also called ABC analysis) to help identify the most...

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Piles of coins of different heights on a blue background with light shining on the two of the piles 5 inventory reduction methods to deliver cost savings
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5 cost-saving inventory reduction strategies

For businesses that carry non-perishable goods, it’s tempting to order and carry surplus stock to help meet market demand and...

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Ein roter Hintergrund mit Holzblöcken, die mit A, B und C gekennzeichnet sind. Das A ist in Rot mit einem roten Rand, das B ist in Gelb mit einem gelben Rand und das C ist in Blau mit einem blauen Rand ABC-Analyse ABC XYZ
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An explanation of ABC XYZ inventory analysis and why it adds value

In previous posts, we’ve discussed the benefits of ABC classification models and how to use them to improve inventory control...

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Closeup of multiple cardboard box packages seamlessly moving along a conveyor belt in a warehouse fulfilment centre using stockturn to optimise your inventory
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Using stock turn rate to optimize your inventory management

For many businesses looking to improve their inventory management, a critical KPI is stock turn rate. Stock turn rate is...

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Artificial intelligence

5 Benefits of artificial intelligence in supply chain management

As global supply chains become more complex, disruption in one link can significantly impact other areas. Therefore, it is essential...

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Five steps to building a resilient supply chain

In the face of unprecedented global events that have posed significant challenges to businesses across the supply chain, the importance...

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Supply chain risk mitigation

As we ride each wave of supply chain disruption, we hope it will be the last. However, the world is...

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How to manage dead stock

Having enough stock to meet demand is fundamental to stock-holding businesses. Running out of stock leads to lost sales and...

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Broken chain with the broken link glowing red at the ends improving inventory planning during times of disruption
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Improving inventory planning during supply chain disruption

This post focuses on inventory planning and optimizing stock levels during periods of supply chain disruption and erratic customer behavior....

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Shelf rack full of cartons at logistics warehouse with more boxes piled in front the causes of excess inventory
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The causes of excess inventory

8 reasons you’re carrying too much inventory What is excess inventory? Excess inventory refers to when stock for an item...

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Demystifying key inventory terms: Your inventory optimization glossary

Inventory optimization is a complex but crucial aspect of supply chain management. However, if you haven’t heard of inventory optimization,...

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Background of multiple red cardboard package boxes stacked at a factory warehouse. the problem with excess stock disadvantages of excess inventory
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What are the disadvantages of excess inventory?

Inventory is pivotal to business success. Without it, you can’t provide the items your customers need, and you’ll probably go...

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