Analyze stock codes according to their impact on profitability, revenue generation, and historical supply and demand behavior. This identifies critical items that require detailed forecasting. An analysis of the behavior of items over time determines seasonal fluctuations.Stock policies are modeled to determine the best balance between customer service and inventory investment. A key outcome of the policy is safety stock – this is required to ride-out unpredictable fluctuations in demand caused by events such as strikes or natural disasters.
The benefits of Inventory Optimisation
Your inventory is a balance sheet asset, so stock should be kept to the lowest levels while simultaneously guarding against out-of-stocks. PrimeZone can help you minimise cash tied up in ‘dead’ stock and keep your inventory processes fast, fluid and efficient.