Item Classification
To distinguish between your important product lines (A lines) and less important lines (C lines), JustEnough classifies which items in your product mix demand the most of your attention. JustEnough looks at the following in order to determine classifications:
- Sales volume / unit movement
- Sales revenue
- Cost of goods sold
- Profit
This is done dynamically so as the information is updated, JustEnough automatically reclassifies items so that your most crucial product lines always get the most focus.
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Multi-Dimensional Classification
To ensure you have the right amount of inventory for your products, JustEnough takes item classification one level deeper to create multi-dimensional classifications for each item at a particular location. For example, you might classify an item based on its velocity (fast, medium, slow) or variability (low, medium, high).
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Velocity
Classify products as fast, medium or slow based on their behavior or selling pattern. JustEnough proactively monitors for any increase or decrease in your forecast trends, such as holiday or seasonal fluctuations, and will start forecasting the right amount of inventory every time.
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Predictability
JustEnough shows you which of your products are the most predictable, meaning they are delivered on time and sell consistently. By knowing which products you can always count on, you drive down your safety stock.
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