ABC Classification: The Route to Better Managed Inventory
ABC analysis helps maintain a clear idea of the asset volume and value being held at any time and assists with ordering items at the optimal time.
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Impact of Inventory Carrying Costs on Businesses
Businesses accrue carrying costs by holding inventory over a period. Too much inventory increases costs and affects liquidity. Read on to learn more about inventory costs and how to reduce them.
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Identifying and Managing Demand Outliers
Outliers can happen because of planned events, such as sales promotions, and unanticipated ones, including competitor promotions and natural disasters.
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How Demand Planning Affects Supply Planning
In simple terms, demand planning is all about planning for and managing customer demand. It analyzes the supplies customers want at various times.
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The Value of Demand Planning
Demand planning is gauging the demand for products or services and allocating resources to create and deliver them based on timely and reliable information.
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Safety Stock 101
Safety stock will let you fulfill products if there are changes in consumer demand, stock problems, or bottlenecks in your supply chain.
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