ABC Inventory Analysis

Usability

Helps to track the correct demand and stocking of the products using segmentation. Useful in knowing whether the inventory is aligned with sales. Tracks the segments variance of products on periodical bases. Monitors the per product contribution.

How it works

This dashboard can help you monitor, analyze and understand the Products segmentation based on their demand , cost and risk data using which inventory can be arranged accordingly. The most important products based on either sales volume or profitability are classified as “Class A” items, the next-most important are Class B and the least important Class C which helps to improve pricing and quality or to achieve efficiency.

Advantages

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  Increased Inventory Optimization
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  Improved Inventory Forecasting
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  Reduced Storage Expenses
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  Control Over High-Cost Items