You're facing seasonal inventory fluctuations. How can you adjust your ABC analysis approach to stay on top?
Managing seasonal inventory fluctuations requires a nimble approach to your ABC analysis to ensure stock levels align with demand. The ABC method categorizes inventory into three groups: A for items that are the most valuable but least in number, B for items of moderate value and quantity, and C for items that are plentiful but least valuable. When seasons change, so does the demand for certain products, and your ABC categorization must adapt accordingly. By re-evaluating your inventory categories with the changing seasons, you can prioritize the most impactful items and ensure you're not caught off-guard by sudden shifts in consumer behavior.
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ALPHAKA BALDEFleet Manager at Neemba Senegal | Linkdin top voice 2024 Inventory Management | Logistic, Transport and Supply Chain |…
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Usman AhmadL&SCM - NUST'24 | Inventory & WH Optimization | Humanitarian SCM
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Tayyab RazaExperienced in inventories & operations management | Skilled front-end developer | Proficient in FX trading.