Inventory Management Best Practices for Wholesale/Distributors
As a distributor, you know that inventory represents a major investment. Minimizing the number of slow-moving items held in inventory is important. You need to free up cash to purchase productive, fast-moving items that contribute more to your bottom-line profits.
Frequently, distributors use alpha systems to rank their inventory items as A, B, C or D (where A is most productive and D is least productive). The fear of getting stuck with obsolete inventory serves as a motivator to lessen the exposure to C and D inventory items.
Not all customers are the same – some are more profitable to you than others. You need to know which specific inventory items matter to your most important customers. It follows that not all C and D items are the same.
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The whitepaper is published by the E&A/StratMax Partnership, whose Customer Stratification tools have been proven to help grow more sustainable and profitable wholesale/distribution enterprises.Download Now