What are some effective stock replenishment strategies?
An example of an AI chatbot conversation about stock replenishment strategies.
What are some effective stock replenishment strategies?
Effective stock replenishment strategies include just-in-time inventory, demand forecasting, and automated reordering.
Can you explain how demand forecasting works?
Demand forecasting uses historical sales data and market trends to predict future product demand, helping optimize stock levels.
What is just-in-time inventory?
Just-in-time inventory is a strategy where stock is ordered and received only as needed, reducing holding costs.
How can I implement automated reordering?
You can implement automated reordering by using inventory management software that triggers orders based on predefined stock levels.
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