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Right Stuff/Right Place/Right Time

You encounter frequent stockouts and lack a clear procedure for dealing with back-ordered items. You cannot track lost sales and do not have stock overages or safety stock. You cannot tell what percentage of safety stock you carry, and you have too many obsolete items which cost you too much money. You have difficulty determining what is obsolete. You have to carry slow-moving items for priority customers. You do not categorize your inventory by velocity/ABC. Your approach to deciding what to purchase is faulty. You do not get sales forecasts, or if you do, they are not very accurate. You…

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