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The main benefit is to maintain the proper stock rotation. And inventory costs and the Margin adjusted in that item. The reducing cost of labour and man power utilized in limit time to shift the material and also in logistic transfer system. Also reduce the inventory cost which will make our storage system as per our budget allocated.
The main benefit is proper stock rotation.
1. Lower out-of-stocks and higher sales
2. Lower inventory costs and higher margins
3. Lower labor costs by cycle-counting
4. Shrinkage reduction
5. Store Order Leveling™ and truck-load optimization
6. Reduction of price mark-downs
7. Reduction impulse-buying of loss-leaders
Hello Team,
This is largely to reduce the picking times of inventory from loose unit picking locations. Pretty much always inventory is stored in large reserve locations in standard quantities. Orders may not ask for inventory in multiples of standard quantities or more than standard quantities often. For example e-commerce orders don't usually request more than 1 unit of an item of a product. In such cases, it is possible only to pick from loose unit locations unless you want to wait and combine orders to get quantities more than standard quantities. So one can utilize the lean times in the warehouse to run replenishment to loose unit areas. Combined with reasonable forecasts of product demand, this can be a powerful method to fulfill orders efficiently.
Regards,
Saiyid
Location of SKU's is well organised
Replenishment happen in timely manner
Increase in Margin & Sales by having right Product in right time available to customer.
Also reduces unwanted inventory lying in Warehouse.
ADVANTAGES ARE AS FOLLOWS
KEEPS YOUR STORE LOCATIONS WELL ORGANIZED
REDUCTION IN ADMINISTRATINCOSTS
PROCUREMENT PROCESS MINIMAL
INCREASE IN THE MARGINS
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