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Demand forecasters try to do the same thing. They use predictive analysis to turn data from past and current sales into predictions about what customers will want in the future.

Inventory liquidation is a strategic process to get rid of excessive, slow moving or obsolete piled up stock by selling them at discounted prices and converting it into cash . It helps to free up space  and improves overall cash flow and business efficiency.  In this article we will learn how to perform a quick liquidation risk assessment in easy steps. Let’s explore it in depth! Classify Your Inventory  Divide your inventory into risks such as high, medium and low based on

As your business grows, so does your inventory. While having stock on hand is a good sign of growth, too much of it can quickly become a problem.

Managing inventory  efficiently is one of the most important aspects of running a successful business. Knowing what’s in stock is one thing, but understanding how long items sit on your shelves is a completely different story. This is where an inventory aging report comes in. Sometimes called an aged inventory report or an aged stock report, this report helps businesses track the age of inventory items, assess their performance, and make informed decisions to optimize stock l

Demand forecasting is important for every business. It helps businesses make smart decisions. This is true for any company that wants to grow and stay strong in the market.

Dead stock means items that do not sell. These products sit in the warehouse or on store shelves. They take up space and cost money.