ABC vs. XYZ Inventory Classification: Understanding the Key Differences
Introduction Effective inventory management is critical for companies aiming to minimize carrying costs, improve customer service, and optimize cash flow. Two widely used classification methods—ABC and XYZ—help businesses prioritize items and tailor strategies based on consumption value and demand variability. While both techniques segment inventory into distinct categories, they address different dimensions of item management. […]
What Is Inventory Accuracy and Why Is It Critical?
Introduction Inventory is the backbone of any product-based business. Whether you run a retail store, ecommerce operation, or global supply chain, your ability to manage inventory directly affects profitability, customer satisfaction, and operational efficiency. At the heart of successful inventory management is one key metric: inventory accuracy. In this guide, we’ll break down exactly what […]
