Traditional inventory management methods

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Optimizing resources and costs through inventory management
From a practical perspective, optimizing resources and costs in logistics inventory management allows these costs to become tangible objectives by implementing efficient inventory control. Reducing unnecessary surpluses, identifying high-turnover products, and managing the supply chain must be transformed into tangible actions, as they directly influence cash flow and profitability.

This pragmatic approach not only minimizes the costs associated with your inventory, but also opens the door to growth opportunities that depend not on the economic amount translated into increased sales, but on optimization.



Optimization of resources and costs


Traditional inventory management methods
Just as there are different types of kenya telegram data inventory management today, conventional management methods have been fundamental in administration throughout history. From manual accounting to modern computerization, these practices have evolved to adapt to the diverse needs of small and medium-sized businesses.

Considering this context, we will delve into management theory, which we will later apply in practical methods.





ABC Analysis: Classification and prioritization of inventory items
By classifying products into ABC inventory categories, based on their relative importance, this method allows for more precise resource allocation . Items related to category A, which are high priority, receive special attention in terms of management and control, ensuring greater focus of resources.

These are usually high turnover products or supplies, or those whose demand, despite not being so high, may imply an operational risk if a stock shortage occurs.

The ABC method helps to keep the focus on the most important products and inputs, as well as to allocate more resources (space, money, time) according to the classification in the periodic inventory.