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Economic Order Quantity (EOQ) is a calculation method applied in warehouse management to determine the optimal order quantity with minimal inventory costs. The total inventory cost includes ordering cost and holding cost.

Inventory aging is a process of categorizing and analyzing stock inventory based on the age or duration that the stock has been stored in the warehouse.

Stock replenishment is the process of restocking or reordering inventory to maintain the desired stock condition and quantity. The replenishment process includes transferring inventory from reserve storage, production cycles, distribution, and even sales.

The stock storage method is a way or system used to organize stock items in a warehouse for further processing. Stock items are classified based on their characteristics, such as type, condition, or item attributes.

Safety stock is an inventory buffer prepared by a company to prevent stock shortages during uncertain market demand conditions. Factors that significantly affect this type of inventory often require a certain lead time before the ordered goods arrive.

Inventory management is not without its challenges. The key is how companies can identify the problems and implement the right solutions. Below are some of the most common inventory management challenges and how to solve them.

Warehouse barcode system is an electronic barcode reader machine capable of scanning printed barcodes and converting them into digital data on a computer. This technology is very useful for companies in the business sector to increase efficiency in inventory management.

Demand Forecasting is the process of estimating the amount of demand for a product or service during a specific future period. The main purpose of demand forecasting is to provide accurate predictions to help companies.

Companies need to choose inventory software with a variety of features and capabilities that can be adjusted to the needs of business operations. Here are some recommended Inventory Software that can be used by companies across various industries

Inventory Turnover is an indicator used to determine the ratio of inventory sold or used within a certain period, is calculated by comparing the number of sales with the average inventory held during a period.