How to Just in Time (JIT) is a management model that reduces inventory to the minimum necessary, ensuring that products are only when there is real demand. This method is widely in companies seeking operational efficiency and How to cost savings, such as:
- Automotive industry
- Technology sector
- E-commerce with dropshipping models
Benefits of Just in Time:
- Significant reduction in storage costs
- Greater flexibility to deal with changes in demand
- Avoid waste with excessive stocks
However, implementing JIT requires strict control over supplier delivery times and an efficient system to accurately forecast demand.
ABC Curve – Strategic Product Classification
The ABC Curve is a methodology that categorizes products How to into three groups on their financial impact and frequency of movement the 10 best email software within the inventory. The division is made as follows:
- Category A: High value, low quantity items in stock, requiring strict control.
- Category B: Medium value products with moderate movement.
- Category C: Low-cost items, but with a large volume of movement.
Benefits of the ABC Curve:
- Better prioritization in inventory management
- Optimization of capital in goods
- Definition of strategies for each category
Using this methodology allows the company to direct efforts towards the most relevant products, reducing financial risks and ensuring that the most critical items are always.
Dropshipping – Third-Party Inventory
Dropshipping is an inventory management strategy where a company does not keep products in its own warehouse, but outsources storage learning process is not monotonous and delivery to a partner supplier. This model is widely by e-commerce businesses looking to reduce operating costs.
Benefits of Dropshipping:
- Reduction of initial investment in inventory
- Greater variety of products without the need for storage
- Simplified logistics processes
Although it is an efficient strategy to reduce costs, dropshipping requires strict control over suppliers, delivery times and product quality to avoid negative impacts on the customer experience.
Minimum and Maximum Stock Management
Minimum and maximum inventory control sets limit quantities for each product, ensuring that the company never runs out of goods, but also trust review avoiding unnecessary excesses. This model works on:
- Minimum Stock: Minimum quantity to avoid disruptions in the operation.
- Maximum Stock: Maximum limit that can be without compromising costs and physical space.
Benefits of Minimum and Maximum Stock Control:
- Preventing shortages of essential products
- Reducing costs with excessive storage
- Optimization of merchandise replenishment
Inventory management systems can be programmed to generate alerts when minimum levels are reached, facilitating automatic replenishment.
Performance Indicators in Inventory Control
KPIs (Key Performance Indicators) are essential for measuring the efficiency of inventory management.
Now that the objectives and strategies for optimizing processes with an inventory management system have been understood, it is essential to choose a system that is compatible with the company and its objectives. Proper implementation ensures that logistics processes are optimized, avoiding operational failures and ensuring full control over inventory.
Below are the essential steps to implement an inventory management system efficiently, ensuring integration, adaptation and strategic use of technology.
Define Business Needs and Implementation Objectives
Before choosing and implementing an inventory management system, it is essential to identify the specific needs of the company. Some issues that should be evaluated include:
- What is the volume of products stored?
- Is there a need for batch or expiration date traceability?
- Will the system need to integrate with an ERP or e-commerce?
- Are there multiple warehouses or distribution points?
- Will inventory control be centralized or decentralized?
Based on these answers, it is possible to determine which functionalities are essential for the system, avoiding choosing an inadequate solution.