Product Prioritization based on Shelf life with Advanced ATP

Author(s)	Ritesh Thakur
Country	United States
Abstract	This article delves into the critical significance of prioritizing products based on their shelf life, highlighting its importance across various sectors such as food and beverage, pharmaceuticals, and consumer goods. Companies often face substantial challenges when it comes to effectively managing their product lineup according to expiration dates or best-before timelines. This mismanagement can lead to excessive backlog of products, the accumulation of unsellable inventory, and considerable financial setbacks. The article will examine the specific hurdles faced in shelf life-based product prioritization, including the complexities of forecasting demand, understanding consumer behavior, and the logistics of inventory turnover. Furthermore, it will propose actionable strategies for integrating shelf-life considerations into real-time sales order processing mechanisms. By adopting these practices, businesses can ensure they are making timely commitments to customers while simultaneously optimizing their inventory management. This proactive approach can lead to enhanced operational efficiency, reduced waste, and ultimately, improved profitability.
Field	Engineering
Published In	Volume 7, Issue 1, January-February 2025
Published On	2025-01-08
DOI	https://doi.org/10.36948/ijfmr.2025.v07i01.40667
Short DOI	https://doi.org/g9bthg

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