Mastering Inventory Management in FMCG: Top Techniques and Tools
In the ever-evolving world of Fast-Moving Consumer Goods (FMCG), precise inventory management is the key to success. With the relentless pace of consumer demand and the need for efficient supply chains, FMCG companies are turning to advanced techniques and tools to stay competitive. Rapidor, a leading name in inventory management solutions, is at the forefront of this transformation. In this article, we'll explore the top inventory management techniques and how Rapidor is helping FMCG businesses thrive. 1. Just-in-Time (JIT) Inventory JIT inventory is all about having the right items in the right quantities at the right time. It minimizes excess stock, reduces storage costs, and ensures that products are always fresh and in demand. Rapidor's intelligent software enables FMCG companies to implement JIT inventory strategies effortlessly. 2. ABC Analysis FMCG businesses deal with a wide range of products, and not all of them are equally important in terms of revenue. ABC analysi