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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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6 Types of Automation [Benefits, Pros/Cons, Examples]

Conger

Examples of automation range from a household thermostat to a large industrial control system, self-driven vehicles, and warehousing robots. Programmable automation is code-based, allowing for excellent precision Programmable automation is most used in systems that produce similar items using the same automated steps and tools.

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VSM: A powerful tool to analyse process flows and logistics management of a product.

Logistics at MPEPS at UPV

Value Stream Mapping (VSM) is one of the fundamental tools of the Lean Manufacturing methodology. In this post I will explain the importance of this tool and the basic steps to elaborate a VSM by yourselves. Value Stream Mapping is a very powerful tool that allows us to understand and optimise our entire process.

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8 Inventory Management KPIs for Effective Inventory Analysis

EazyStock

Inventory Management KPIs for Effective Inventory Analysis. Lots of activities, processes and people are involved in ordering, receiving, storing, picking and shipping items with the ultimate aim of keeping customers happy with the correct orders that are on time. Order pick, pack and dispatch accuracy. Inventory turnover ratio.

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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.

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Freight Procurement is a Different Game

Logistics Viewpoints

There are different tools, goals, and market dynamics. Mr. Masters explained, “we’re picking up from the back of a poultry production facility and taking those birds, feathers, and skin to an animal nutrition production facility. Any shipment moving from Siloam Springs to Bentonville, Arkansas, for example, would be one lane.

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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.