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What is ABC analysis/ABC classification? Inventory management teams use ABC classification (also called ABC analysis) to help identify the most...
What is inventory turnover? Different products sell at different rates. Some will fly out of the door as soon as...
For businesses that carry non-perishable goods, it’s tempting to order and carry surplus stock to help meet market demand and...
In previous posts, we’ve discussed the benefits of ABC classification models and how to use them to improve inventory control...
ABC analysis in inventory management Managing thousands of stock items from various suppliers and delivering them to an extensive customer...
The benefits of improving your inventory turnover If you carry a lot of stock items, you’ll likely have a significant...
Smart inventory managers plan for Chinese New Year many months before the event. The more prepared you are, the greater...
For many businesses looking to improve their inventory management, a critical KPI is stock turn rate. Stock turn rate is...
As global supply chains become more complex, disruption in one link can significantly impact other areas. Therefore, it is essential...
In the face of unprecedented global events that have posed significant challenges to businesses across the supply chain, the importance...
As we ride each wave of supply chain disruption, we hope it will be the last. However, the world is...
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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