Post by account_disabled on Feb 22, 2024 6:33:08 GMT
Out of stock is a thing of the past. Stockouts, known in English as stockouts , can be avoided if the cause is understood and not just the symptoms are treated. In this way you can act proactively, taking measures before the problem occurs. In any case, having the appropriate information is essential. stock out Photo credits: istock maxkabakov Causes of stock out Out of stock may occur if any of the following causes occur: Low estimation of demand for a product leading to under-ordering. Delay in delivery by a supplier. Poor planning of supply deadlines agreed with supplier companies. Safety stock level too low to cover the risk profile of a given item. Insufficient order volume, as a result of a poor ordering system or poor decision making, caused by a fairly common event, such as making the decision of the number of units of a product to order at the time of placing the order.
Lack of perspective of purchase flows or global vision. Ignorance of consumer habits, one of the reasons that most commonly influence stock outages . Insufficient data availability to illustrate trends that may affect the life cycle of a product. Product quality issues resulting in a high level of returns to the supplier. Refusal of Chinese Student Phone Number List the supplier to proceed with the delivery, due to a credit hold on its account caused by non-payment on behalf of the company. How to solve the problem of out of stock Regardless of the company's sector, these circumstances can happen at some point, resulting in: Loss of clients. Bad image of the business. Loss of positioning in the market, in favor of competition. To address the problem and, at the same time, build a competitive advantage, you need the right tools that allow: 1. Detect the problem.
It is necessary to have a dashboard that identifies existing shortages, providing sufficient visibility to the Sales and Purchasing Management areas, whose role is absolutely essential to effectively resolve the problem. 2. Establish priorities: Rank different items based on their potential risk in terms of lost sales, so that the highest priority items receive attention first. In this way, the maximum benefit is achieved, with the least effort and in the minimum time. 3. Predict the probabilities of a stockout occurring : an inventory management system equipped with a good dashboard can predict a stockout before it occurs, allowing you to stock up in time to avoid the problem. 4. Manage objectives: using forecasts, calculations are applied that allow loss of alignment with real market demand to be avoided, as soon as changes in it are identified, facilitating an agile response that drives the fulfillment of objectives.