Utilize ABC ranking to categorize items, optimize stock levels, and forecast demand. Calculate inventory turnover and days to sell to gain insights into how quickly stock is moving and how long it takes to sell. Use lead times to understand the time needed to replenish stock and optimize inventory levels. Monitor and analyze inventory performance to make more informed decisions.
Identify the most important items in inventory and prioritize resources accordingly. Analyze inventory based on demand and sales trends to focus on high-value items. Utilize the ABC ranking system to ensure that the most critical items are always in stock.