How to use inventory classification (ABC analysis) to reduce stock & improve service levels

Are you prioritizing the right products in your warehouse? Are you constantly trying to reduce inventory levels without affecting inventory availability? ABC analysis can help!

In this eGuide, we’ll introduce ABC and XYZ analysis and provide a simple framework for segmenting your inventory items based on their value and importance to your business. You’ll learn:

• The basics of ABC analysis and XYZ analysis
• How ABC inventory classification can improve the effectiveness of inventory policies
• The benefits of advanced inventory classification software
• How to ensure you’re stocking the right products to meet customer demand and hit service level targets