![]() ![]() Items in the C category are the items that are less costly and whose inventory turns over quickly. ‘C’ type parts consist of about 5 percent of usage but account for about half of the inventory stock.Ī group is the biggest one and items in the A group are higher-ticket items that you need fewer of. ![]() ‘B’ type parts consist of about 25 percent of usage but account for about 30 percent of inventory stock.‘A’ type parts consist of about 80 percent of all parts used but account for 20 percent or less of inventory stock.ABC analysis lets you review inventory items and then labeling them with an A, B or C: ABC is an order of your most to least valuable items. ![]() Experts typically suggest segregating your inventory into A, B and C groups, that is basically called ABC Analysis. Sorting your inventory into priority groups can help you understand what do you need more and at what frequency, and which inventory items are important to your repair shop. Whether you have a structure already in place or you are planning to grow your business these 5 inventory management best practices will set you on the right track. From correctly balancing stock in your repair to effectively supervising your multi-stores’ inventory, inventory management is essential for keeping businesses up and running and the bottom line healthy. Rather than complaining for a lifetime, why not work on improving our in-store processes and try to implement the best practices in-house? Retailers, repair shop owners, vendors – nearly every business can benefit from inventory management best practices that streamline operations and keep inventory, assets, and accessories in check. If you’re a retailer, you are much familiar with the pain inventory management can cause. ![]()
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