Supply Chain In 3 Minutes

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Inventory Turnover in 3 minutes

Inventory turnover is a popular inventory management concept that is used to determine the overall efficiency of an entire supply chain. The ratio reflects the number of times inventory is replaced during a given period of time, and can give a useful indication of both trends and how well a company controls its merchandise. Numerically, it is calculated as the ratio between the cost of goods sold, divided by the cost price of the average stock level over the same time period.

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ABC Analysis in 3 minutes

ABC analysis is an inventory categorization method that provides a prioritization mechanism to concentrate efforts and resources on the items that matter most for a company.The method works by dividing items into categories based on their perceived importance and highlights the most frequently sold and consumed items so that resources can be allocated accordingly.

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Seasonality in 3 minutes

We explore the basic idea of seasonality and learn how it can be confusing to keep track of due to factors such as noise. We explain the impact this can have and why computers are better than humans at predicting the future.

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