Why do we use ABC classification for inventory management?

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OPTILON AB HANTVERKARGATAN 5F SE-112 12 Stockholm SWEDEN +46 8655 32 30 WWW.OPTILON.COM WHY DO WE USE ABC CLASSIFICATION FOR INVENTORY MANAGEMENT? Safety stock method

Transcript of Why do we use ABC classification for inventory management?

Page 1: Why do we use ABC classification for inventory management?

OPTILON AB HANTVERKARGATAN 5F SE-112 12 Stockholm SWEDEN +46 8655 32 30

WWW.OPTILON.COM

WHY DO WE USE ABC CLASSIFICATION FOR

INVENTORY MANAGEMENT?

Safety stock method

Page 2: Why do we use ABC classification for inventory management?

OPTILON AB HANTVERKARGATAN 5F SE-112 12 Stockholm SWEDEN +46 8655 32 30

WWW.OPTILON.COM

Inventory management or inventory optimization?

Business prior to logistics

Page 3: Why do we use ABC classification for inventory management?

OPTILON AB HANTVERKARGATAN 5F SE-112 12 Stockholm SWEDEN +46 8655 32 30

WWW.OPTILON.COM

Page 4: Why do we use ABC classification for inventory management?

OPTILON AB HANTVERKARGATAN 5F SE-112 12 Stockholm SWEDEN +46 8655 32 30

WWW.OPTILON.COM

A much more relevant categorization to sales and marketing

Modern methods can handle more complex supply chains

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