An in-depth study of Inventory Management reveals often overlooked transactions that do not find a place in the regular Inventory classifications. Every known and popularly practiced Inventory Management Systems talk only about 3 levels of classification.
With the number of products increasing at a frantic pace in today’s business environment, identification of redundant products becomes increasingly difficult. A multi-dimensional inventory analysis is essential to an interesting perspective to understand the dynamics of supply and demand study.
What makes this application the most efficient and most suitable for inventory management is the magic of Zer0 – the very concept that revolutionized the world of numbers eons back. Without 0, mathematics as we know it today would not have evolved. By tweaking the same Zer0 into day-to-day inventory management, your business can have better control over the entire product cycle right from procurement to storage to availability on demand.
This Magic Zer0 adds a fresh twist to the regular inventory analysis studies adopted for cost and inventory optimization. This multi-dimensional inventory analysis is your answer to identifying redundant products in your business and handling them efficiently to maximize profit and economize inventory management.
Introducing the new Zer0 field to the existing 3X3 inventory matrix results in
The 10th field, Blank-Blank is the key that converts this inventory matrix to a strategy matrix that helps identify your redundant products that may not be in demand anymore, yet often classified under the head Z or C in regular inventory management analysis.
The red fields indicate abnormal or exceptional transactions that are generally overlooked in existing 2-dimensional inventory analysis practices, which are generally classified into two heads.