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Using ABC Analysis in Inventory Management

EazyStock

What is ABC Analysis? ABC inventory analysis is a method used to classify a business’s stock items into three categories – A, B and C, based on their value to the business. In this blog post we’ll delve deeper into the intricacies of ABC analysis and how it can help businesses improve their inventory management practices.

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Data-Driven Transportation Management and Its Role in Driving Stronger Tech Stack ROI

FreightWaves SONAR

Data-driven transportation management , including the checks and reviews that accompany healthy data management practices, are part of the process of getting the most out of the tech stack. This remains key to the overall success of investments within supply chain analysis. Think about it. Download the White Paper.

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How do you forecast lumpy demand?

EazyStock

Historical data trends and market knowledge of how demand can fluctuate are often used to forecast inventory demand. Different demand types or classifications If you analyze the historical sales data of every product in your warehouse, you’ll find that the demand for different items varies considerably. appeared first on.

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The fundamentals of demand planning and forecasting

EazyStock

Choose and implement demand planning software While you can do demand planning manually, managing data in multiple spreadsheets makes it harder to analyze and bring together usefully. Demand planning software can help you analyze data quickly to ensure your data remains relevant.

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The fundamentals of demand planning and forecasting

EazyStock

While you can do demand planning manually, managing data in multiple spreadsheets makes it harder to analyze and bring together usefully. Demand planning software can help you analyze data quickly to ensure your data remains relevant. Some ERP or inventory management systems will also offer demand planning functionality.

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How do you forecast lumpy demand?

EazyStock

Historical data trends and market knowledge of how demand can fluctuate are often used to forecast inventory demand. Different demand types or classifications If you analyze the historical sales data of every product in your warehouse, you’ll find that the demand for different items varies considerably. appeared first on EazyStock.

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6 Inventory Control Techniques for Stock Optimization

EazyStock

This keeps the data clean and easier to use for forecasting going forward. Look out for such trends in your historical demand data and adjust your forecasts accordingly. Qualitative factors: Add any qualitative forecasting factors into your data, such as sales promotions, competitor activity or external market events.