Businesses often wonder, which are the techniques of inventory control that deliver the best results. The answer lies in several tried-and-tested approaches used across industries.
Key techniques include:
ABC Analysis – Classifies inventory into A, B, and C categories based on importance.
Economic Order Quantity (EOQ) – Ensures cost-effective ordering.
Just-in-Time (JIT) – Minimizes storage and reduces wastage.
Reorder Level System – Automates restocking before shortages occur.
Cycle Counting – Involves regular checks for accuracy.
By applying these methods, businesses can reduce excess inventory, cut costs, and maintain smooth operations. Advanced inventory control techniques supported by digital tools such as RFID and AI are now becoming industry standards. So, if you are asking, which are the techniques of inventory control, these are the most effective strategies for better efficiency and profitability.
