Buy custom A workable approach to store inventory management
Essay's paper info
Topic: |
Business
|
Number of pages / Number of words: |
3 / 680 |
Essay's paper body
The
number of decisions required mandates this
automation.
What leads to a good store-level stock
management system? Consider the following
checklist to ensure a good store-level stock
management system:
- Ensure that models can vary by time.
Nearly all items have seasonal demand.
Change models to synchronize with
seasonal peaks and valleys...
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Promotions do not add a
set amount of business. They multiply the
current underlying rate of sale.
- Build in varying service level targets. Vary
service level targets by unit sales volume.
Itâs too expensive in inventory to provide
high service levels on slow-moving items.
- Use all factors when calculating target
stock...
Essay fragment
General points of the essay
A workable approach to store inventory management
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