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

EazyStock

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). 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.

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

EazyStock

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). 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.

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Transportation vs Logistics with Marty Wadle

The Logistics of Logistics

Warehousing services include: Warehouse Storage, Pick and Pack, Sub-assembly, Site Location, Distribution Center Management, Inbound Shipping, Outbound shipping, Receiving, Putaway, Put-away, Order processing, Replenishment, Pulling, Restocking, Picking, Validation, Sorting, Distribution Center Management System (DCMS), Vendor Managed Inventory (VMI), (..)

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Slotting in a 3PL Warehouse

Camelot 3PL Software

Order Frequency : Frequently picked items should be located near packing stations to reduce travel time for order pickers. ABC Analysis : Classifying products based on their contribution to revenue (A, B, or C items) helps prioritize slotting efforts. Improved organization reduces errors and rework.

3PL 52
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Automated Order Processing and Proactive Inventory Management

Speaker: Irina Rosca, Director of Supply Chain Operations, Helix

Depending on total supply chain lead time, not having real time visibility and analysis of this information can significantly affect sales and the bottom line. This is especially important for new product releases, in store programs or promotions (sales, end caps, PDQ. etc) or online promotions (company run or 3rd party). AM PST, 2.00

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Robotics in a 3PL Warehouse

Camelot 3PL Software

In addition to the cost savings from automating repetitive tasks, robots work nonstop, around-the-clock, and in many environments, they can do activities like sorting, inventory counting, and order processing faster. Also, without the factor of human-error, adding robotics can increase accuracy.

3PL 52
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Polish apparel manufacturer relies on WMS from PSI

Logistics Business Magazine

The system also offers extensive analysis options and provides the necessary information for user groups. With PSIwms, logistics processes, especially picking at Hisert, can be streamlined and optimised. The monitoring of order processing in real time additionally provides information for the employee bonus system.