Episode 14: 15 Techniques Of Inventory Control You Need to Know

Efex's Podcast

Large shipments This inventory technique is built on the concept that purchasing and transporting products in large quantities is often inexpensive. Bulk transportation is one of the most widely utilized methods in the industry, and it can be applied for items with high consumer demands. The drawback of this technique is that you will have to pay extra money on storage, while it is often offset by the amount saved by purchasing high quantities of items and distributing them rapidly. Pros Highest profitability potentialDecrease transportation expenses as a result of very few shipmentsSuitable for products with a stable demand as well as a long shelf life.Capital risk possibility at its highestStorage expenses have risen as a result of the increased holding chargesHard to adjust promptly when demand fluctuates.https://blog.efex.asia/techniques-of-inventory-control/