When you lend your truck to someone else, you'll want your 2021 Chevy Colorado or GMC Canyon in Optimized Stock mode. Otherwise, the power in the gas pedal may not match their driving skills! This tune is also sold stand alone to enable transmission tuning and eliminate TPMS issues for modified tire sizes.
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What is stock optimization?
What is stock optimization? The objective of stock optimization is to have the right products in the right place at the right time – as efficiently and cost-effectively as possible. Stock optimization (also known as inventory optimization) plays a key role in ensuring inventory control techniques can be carried out effectively.
How do you optimize stock in a warehouse?
4. Introduce service level targets to optimize stock A target service level measures the probability of having the correct quantity of an item in stock when it’s requested for delivery, leading to a completely fulfilled order. When setting target service levels, consider your customers’ expectations in terms of availability and delivery times.
What is involved in inventory optimization?
Inventory optimization tools use advanced algorithms that are simply not available elsewhere to bring accuracy and speed to inventory management calculations. Ok, so this may sound expensive and it’s true that enterprise-level inventory software systems are way beyond the budgetary reach of many smaller businesses.
How to reduce the risk of stock outs?
6. Carry safety stock to reduce risk of stock outs Safety stock, also called buffer stock, is the layer of inventory kept to prevent stockouts and back orders in situations where the forecast is exceeded or supply is delayed.
Inventory control techniques that help optimise your stock management
There are hundreds of inventory control blog posts on how to organise warehouses, track goods and pick and pack efficiently.
What is inventory control?
Inventory control is the process of managing and regulating the supply, storage and distribution of stock. Inventory control is a key function of supply chain management that maintains appropriate quantities of stock to meet customer demand.
What is stock optimisation?
The objective of stock optimisation is to have the right products, in the right place at the right time – as efficiently and cost-effectively as possible. Stock optimisation (also known as inventory optimisation) plays a key role in ensuring inventory control techniques can be carried out effectively.
6 inventory control techniques to optimise stock levels
Our first inventory control technique is all about demand forecasting. The key to controlling your stock levels is knowing what products to carry to satisfy market demand. It’s critical to invest time (and money if required) in setting up advanced inventory forecasting models that produce accurate demand forecasts.