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6 Inventory Control Techniques for Stock Optimization

EazyStock

Inventory Control Techniques that use Stock Optimization Best Practices. There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. What is stock optimization? 6 Inventory Control Techniques to Optimize Stock Levels. Understand your demand.

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How to Calculate and Apply ABC Classification of Inventory

EazyStock

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. How to Calculate ABC Classification. Here is a working illustration of how to divide your inventory using annual consumption value. What’s the solution?

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How to Calculate Safety Stock: Three Different Calculations

EazyStock

Let’s introduce Mary’s Plumbing Warehouse as an example. For example, Mary may end up with unnecessarily large amounts of capital invested in excess stock of Showerhead C, whereas she could easily run out of Showerhead B. This basic approach is easy to set-up and manage, but often leads to stock imbalances.

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How to Manage Inventory in a Growing Business

EazyStock

In this post we’re exploring how to manage inventory effectively when you’re faced with a growing product portfolio. Reducing stock levels to carry more lines (without accurate forecasting and inventory optimization tools) can lead to stockouts and expensive backorders or rush orders from suppliers.

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From import tariffs to the next tsunami: how Prescriptive Analytics can help you build agility and resilience into your Supply Chain Network

AIMMS

For example, we don’t know where the next tsunami or hurricane will hit. You should be able to model unforeseen disruptions, understand their impact, and use prescriptive analytics to put a plan in place that mitigates the negative impact on your bottom line. Let’s consider some examples. Evaluate scenarios quickly and easily.

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

EazyStock

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. ABC Classification Calculation Example. Here is a working illustration of how to divide your inventory using annual consumption value. What’s the solution?

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From import tariffs to the next tsunami: how Prescriptive Analytics can help you build agility and resilience into your Supply Chain Network

AIMMS

For example, we don’t know where the next tsunami or hurricane will hit. You should be able to model unforeseen disruptions, understand their impact, and use prescriptive analytics to put a plan in place that mitigates the negative impact on your bottom line. Let’s consider some examples. Evaluate scenarios quickly and easily.