Aggregate Inventory Management

Aggregate Inventory Management refers to the process of grouping multiple individual goods under predetermined categories.

What is Aggregate Inventory Management ?
Aggregate Inventory Management, also known as Aggregate Inventory Control, refers to a basic method of inventory management wherein items are grouped under categories like raw materials, work in progress, finished goods, etc. This categorization is usually done based on distribution pattern, stage of production, demand patterns, etc. 

Aggregate inventory management helps calculate each category's inventory costs and set inventory objectives and policies supporting your business strategies and goals. It helps match supply and demand with minimum inventory investment allowing you to focus better on customer service to satisfy customers. 

Shipthis Freight Forwarding Software offers a Warehouse Management Solution that allows you to automate inventory management while ensuring complete control and visibility over operations. This feature enables you to actively track movements of all goods and stocks, allowing you to easily manage your warehouse operations so you can shift your focus to updating and upgrading your logistics management plan.