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How to Use ABC Analysis for Inventory Management (and the Added Value of XYZ Analysis)

EazyStock

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

article thumbnail

How to Use ABC Analysis for Inventory Management (and the Added Value of XYZ Analysis)

EazyStock

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

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Top Game-Changing Logistics Trends for 2024: Redefining Global Supply Chains

3PL Links

The three trends we shall discuss below show that one of the main goals of businesses going forward will be to enhance the level of technological maturity by achieving more integration and intelligence in the use of data. Big data and analytics Big Data and analytics are taking center stage in a vast ecosystem of logistical data.

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Understanding Temp-Controlled vs. Ambient Warehouses

FW Logsitcs

Common Tools and Technologies Used for Temperature Control Leading temp-controlled warehouses utilize complex refrigeration equipment, insulation techniques, and specialized digital tools to maintain interior climate conditions. It also provides a critical chain of custody data.

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How to Calculate and Apply ABC Classification of Inventory

EazyStock

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC classification (otherwise known as ABC analysis ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

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3PL vs 4PL: Which One Is Best for Your Business 

GoShip Blog

From order processing, fulfillment, warehousing, and freight, a 4PL service provider can handle them and more. Advantages of a 4PL Optimization of your supply chain From collaborating with your product suppliers to processing and fulfilling orders, 4PL providers can fully take over those roles for you.

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Understand the Pitfalls of IBP Before Embarking on a Supply Chain Transformation

Logistics Viewpoints

A transformation that is based on the idea that by putting in new applications the company will automate a process, or processes, and provide more and better data to make decisions, is a poor foundation for a true transformation. To begin the journey, GEON needed a better supply chain planning tool.