Stock management and logistics

How does stock management relate to logistics? Closely analyzing demand and monitoring stock will have a direct impact on the achievement of your sales goals, there are several KPI’s that should be reviewed such as inventory turnover rate, backorder rate, days on hand, and other indicators that will give you visibility on how often you should replenish or import merchandise, where it is crucial to consider delivery times and the length of time your cargo will be kept in transit.

In cases where the cargo has been shipped by sea, the times can range between 20 to 35 days from the countries that most frequently depart the ships that are the United States and China, it is important to note that the time lapse can change by environmental situations such as what is currently happening due to the drought in the Panama Canal.

Technology has also made it possible to automate many processes, including the management or replenishment of stock through software and that bring benefits such as:

– increased sales;
– improved invoicing;
– reduction of personnel costs;
– higher % of merchandise availability;
– reduction of overstocking.

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