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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.

It’s 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

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