Definition Examples Groups How To 
Blue Grace Logistics
SEPTEMBER 19, 2019
Many, if not all, companies are facing increasing pressure from governments, consumers, non-profit / activist groups, and stakeholders to provide more information about their supply chain. While the reasons for explaining a higher need for transparency are clear, what is less clear is how to get there.
EazyStock
MAY 11, 2021
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. But first here’s a quick reminder of what ABC classification of inventory is: ABC Classification Definition. How to Calculate ABC Classification.
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The Lean Thinker
MARCH 23, 2023
During the war there was huge growth and turnover within the industrial base as production shifted from civilian products (locomotives, for example) to wartime production (tanks). Transactional Relationships within a work group This model embeds some tacit assumptions including: If everyone does their job, we get the result we want.
EazyStock
NOVEMBER 19, 2021
This number is often set at item group level and based on the judgment or assumptions of the inventory management team – there are no formal calculations used. Let’s introduce Mary’s Plumbing Warehouse as an example. This basic approach is easy to set-up and manage, but often leads to stock imbalances.
EazyStock
MARCH 4, 2021
How to Increase Inventory Turnover with Inventory Optimization. This post will explain how, but first, let’s deal with a few simple definitions. For this reason, it’s critical that you classify every item of inventory into groups, to allow you to manage items with similar characteristics in the same way.
Ship Monk
JUNE 30, 2023
We’re going to show you how to identify KPIs for your business by breaking the process down into three parts. Let’s start with some definitions. Start with the goal you’re trying to reach and work backwards to determine the actions you need to take, and how to measure their success.
EazyStock
JUNE 18, 2019
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. But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition. ABC Classification Calculation Example. How to Put your Data to Good Use.
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