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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. Firstly, let’s get a few definitions: What is inventory control? 6 Inventory Control Techniques to Optimize Stock Levels.

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Using ABC Analysis in Inventory Management

EazyStock

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. ABC inventory analysis is important as it helps managers focus their time on their most valuable/important products and adapt their inventory control policies accordingly.

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Baptist Health South Florida Triples Productivity by Optimizing Picking Through Voice and Work Orchestration

Supply Chain Brain

In 2015, Baptist Health South Florida, an internationally recognized healthcare network and one of the largest not-for-profit healthcare providers in the region, adopted a self-distribution strategy, to contain supply chain costs, reduce the amount of space used for inventory at hospitals and ultimately, help provide better care.

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Inventory Replenishment Strategies that Increase Profits

EazyStock

What is Inventory Replenishment? Inventory replenishment is the process of moving stock items along the supply chain to ensure inventory levels are sufficient to cover demand. Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control.

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What is Economic Order Quantity & its Advantages

SCMDOJO

Economic order quantity is one of the “most commonly used inventory-control techniques”. The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory carrying costs and ordering costs while simultaneously limiting the probability of stock out to avoid any lost sales or customer loss. Boston: Pearson, 2015.

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6 Logistics KPIs Attributes That are Essential

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Logistics is the central system that controls physical inventory flow in a supply chain. Helps in scrutinizing which inventory management method to adopt. A few crucial areas that need special attention include tracking shipments and keeping an eye on inventory levels to guarantee efficient order processing. References.

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Preliminary Insights About 2015 Holiday Season: What Happened to the Retailers?

The Network Effect

As the data on sales continues to be made public by retailers of all types and sizes, we can expect debates at this month’s NRF conference, and way beyond, about what happened over the 2015 holiday season. The simple view that omnichannel is only about “single inventories” is necessary, but far from sufficient.