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

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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

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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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