What are the common inventory management methods

Inventory management methods are just-in-time production system inventory management methods, economic batch type inventory management methods, ABC classification control inventory management methods, reorder point inventory management methods, inventory management inventory practice method. Inventory management refers to the management of the quantity of goods in the logistics process, and in the past, it was thought that more goods in the warehouse indicated that the enterprise was developed and prosperous. Just-in-time production system inventory management method: its an advanced production method, to demand for supply, demand for production requirements, production materials or purchased materials, no more, no less, no earlier, no later and quality, guaranteed to the designated location.

Economic batch-type inventory management method: refers to a certain period of time, a clear understanding of the amount of consumption or sales of a certain inventory, this amount in the analysis of the period remains unchanged. ABC classification and control of inventory management method: the enterprise's entire inventory is divided into A, B, C, three types of management of the amount of high A-type materials as a key to strengthen the management and control; B-type materials in accordance with the usual methods of management and control; C-type materials, although the variety of types of materials, but also to strengthen the management and control; the variety of types of materials, but also to strengthen the management and control. Control; C class materials, although a variety of species, but the value is not large, using the easiest way to manage and control.

Re-order point inventory management method: it is used to clarify the number of units of goods to start replenishment ordering strategy. Once the stock level is lower than the reorder point is to replenish the order. When there is uncertainty in demand or lead time, appropriate safety stocks must be used to buffer or compensate for the uncertainty.

Inventory Management Inventory Practices: This refers to checking whether the actual stock level is in line with the bill; identifying the real reason for the inventory gain or loss; identifying the quality of the goods in stock; and identifying the stock that has exceeded the storage period.