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Increase Sales with Smarter Inventory Control

Quick Overview

Learn the key metrics for inventory handling and suppliers management to help you grow your business. Keeping track of the metrics and applying best practices will lead to quicker turnover, less out-of-stock items, faster replenishment and help you negotiate better deals with your suppliers.

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Increase Sales Smarter Inventory Control

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  • Increase Sales Smarter Inventory Control

Product Description

The inventory management process seems simple. Review historical sales, project future demand, send out purchase orders to suppliers, and receive inventory into stock. This process works well if you’re managing only a handful of products, but as your business scales, you need to employ better inventory management practices.

 In this white paper, you will learn:

  • How to perform "ABC" inventory analysis and how to apply it in your business, with an appropriate stock strategy for each class of items.

  • Identify key metrics to track for your supplier performance and about supplier scorecards.

  • How to negotiate better deals with suppliers using your data

  • How to evaluate and optimize your re-ordering strategy by optimizing the right parts of your business.

 Implementing these best practices will lead to more sales, decreased costs and faster replenishment times.

Sponsored by: Monsoon Commerce