What Is ABC Inventory Analysis? ABC inventory analysis is a simple yet powerful method for categorising items in your stock based on their importance to the business. By sorting inventory into three groups—A, B and C—you can focus your resources on the items that have the biggest impact on cost, service level and profit. Why … Read more
Understanding Product Mix Strategies In today’s competitive business landscape, effective product mix strategies are essential for maximizing profitability and sustaining market presence. The Theory of Constraints (TOC) and Activity-Based Costing (ABC) are two approaches that can greatly enhance product mix decision-making. Together, these strategies allow companies to optimize their products while accounting for the underlying … Read more