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Inventory Management Best Practices for Distributors

Learn proven strategies to optimize inventory levels, reduce carrying costs, and improve service levels.

1.8 MB
Inventory Management Best Practices for Distributors

This whitepaper covers:

**Understanding Your Inventory**
- ABC analysis methodology
- Inventory turnover calculations
- Carrying cost components
- Service level metrics

**Demand Forecasting**
- Statistical forecasting methods
- Seasonal adjustment techniques
- Collaborative forecasting
- Forecast accuracy measurement

**Replenishment Strategies**
- Reorder point optimization
- Safety stock calculations
- Economic order quantity
- Min/max vs. continuous review

**Technology Enablement**
- ERP inventory features
- Barcode and RFID
- Warehouse management systems
- Business intelligence

**Continuous Improvement**
- KPI dashboards
- Process optimization
- Vendor management
- Cycle counting programs

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