SLKOR can reasonably control inventory levels and reduce inventory costs through the following strategies:

Data Analysis: Using historical sales data, market trend analysis, and customer order information to forecast product demand. For example, by analyzing sales data of semiconductor products over the past few years, coupled with the current market demand for semiconductors in industries like electric vehicles and 5G communications, SLKOR can predict the sales volume of different product PN in upcoming quarters or months.

Market Research: Conducting regular market research to understand industry dynamics, competitor product launches, and the impact of macroeconomic factors on semiconductor demand. For example, keeping an eye on new electronic products being released, which may trigger significant demand for certain chips. Based on this information, SLKOR can adjust its demand forecast in a timely manner, ensuring that inventory levels closely align with market demand.

Cross-department Collaboration: Establishing regular communication between sales, production, procurement, and other departments.

ABC Classification Method: Setting classification standards based on the value, sales frequency, and procurement difficulty of semiconductor products. Class A products are typically high-value, high-sales-frequency, or mission-critical components, such as high-end power semiconductors; Class B products are of medium value and sales frequency; and Class C products are lower in value and less frequently sold.

Utilizing Data Analysis Features: Utilizing inventory management systems’ data analysis capabilities to generate reports on inventory turnover rates, inventory costs, and more. Inventory turnover rates reflect the efficiency of inventory management. By analyzing products with low turnover rates, SLKOR can identify causes and take actions such as optimizing product mix or adjusting plans to reduce inventory costs.

In 2024, SLKOR achieved an inventory turnover of 11 days at its warehouse in the Longhua Exhibition Tower, setting an industry benchmark. Kinghelm Electronics also performs excellently in this area!