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, demand forecasting, safety stock, reorder point and economic order quantity were applied. The items in inventory were …Purpose: The objective of this research was to implement new inventory management in a footwear company through the … analysis of indicators obtained from inventory data collection. Design/methodology/approach: The methods of ABC analysis …
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excess production can be reduced by accurately forecasting demand. This allows companies to plan production, inventory, and … logistics more effectively. Companies maintain safety stocks in their inventory to protect against unexpected changes in demand … inventory and carrying costs. Forecasting demand and determining safety stocks work together to help companies reduce costs …
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