Will the diligent application of the 9 steps to optimal replenishment orders result in perfect inventory balance, high customer service levels, and minimum inventory investment levels?

In inventory discussions we often hear the word “classification” and that it is an essential part of the fundamentals of inventory. What is meant by “classification” and why is it so important?

Minimize inventory stock-outs by implementing efficient inventory management strategies. Work with accurate forecasts, improve safety stock levels, develop strong supplier relationships, and more!

As the manager or owner of a business focused on providing customers with a high level of service while targeting a specific inventory value or stock turn, you will most likely have experienced the frustrations and difficulties in achieving the desired results.