It’s difficult to know which products to purchase so you can meet future demand without having an excess of leftover stock. Inventory investment optimization is a challenge for any business. C grade brings very little value to your business and should be deprioritized as much as possible. You might also call this slow moving or dead stock. C grade represents the specific inventory that accounts for the remaining 5% of your revenue. B grade can often fluctuate between an A grade and C grade. B grade is middle-of-the-road inventory that accounts for the next 15% of your revenue, and should be treated as such. As your most valuable inventory, it should be protected and prioritized as much as possible. A grade represents the specific inventory-in many cases, only a small percent of the total-that accounts for 80% of your revenue. This is your best performing inventory: the money maker. It classifies your inventory using three categories based on total revenue: Inventory ABC classification is based on the Pareto principle, also known as the 80/20 rule. It gives you greater inventory control and profitability by helping you identify the products that make-and cost-your business the most money. ABC inventory management best practicesĪn ABC analysis is a technique you can use to identify your best and worst performing inventory over a certain period of time.How to use ABC analysis for cycle counting.The benefits of ABC analysis for inventory management. We don’t guarantee that we will receive your returned item. When shipping items back to us, you should consider using a trackable shipping service. If you receive a refund, the cost of return shipping will be deducted from your refund.ĭepending on where you live, the time it may take for your exchanged product to reach you, may vary. You will be responsible for paying for your own shipping costs for returning your item. To return your product, you should mail your product to: If the item wasn’t marked as a gift when purchased, or the gift giver had the order shipped to themselves to give to you later, we will send a refund to the gift giver and he will find out about your return. Once the returned item is received, a gift certificate will be mailed to you. If the item was marked as a gift when purchased and shipped directly to you, you’ll receive a gift credit for the value of your return. If you need to exchange it for the same item, send us an email at and send your item to: We only replace items if they are defective or damaged. Only regular priced items may be refunded, unfortunately sale or closeout items cannot be refunded. If you’ve done all of this and you still have not received your refund yet, please contact us at or Closeout items (if applicable) There is often some processing time before a refund is posted. Then contact your credit card company, it may take some time before your refund is officially posted. If you haven’t received a refund yet, first check your bank account again. If you are approved, then your refund will be processed, and a credit will automatically be applied to your credit card or original method of payment, within a certain amount of days. We will also notify you of the approval or rejection of your refund. Once your return is received and inspected, we will send you an email to notify you that we have received your returned item. If the package is refused by the recipient or the package is returned by the carrier due to insufficient or incorrect address given to us, full refund of the item price will be processed within 10 days of the receipt of the package, if:ī) The item was returned in brand new condition & undamagedĪny shipping charges paid by the buyer will not be refunded, if the package was returned due to no fault of South Horizon. Any item that is returned more than 60 days after delivery Any item not in its original condition, is damaged or missing parts for reasons not due to our error There are certain situations where only partial refunds are granted (if applicable) To complete your return, we require a receipt or proof of purchase. We also do not accept products that are intimate or sanitary goods. Several types of goods are exempt from being returned. It must also be in the original packaging. To be eligible for a return, your item must be unused, unworn, unwashed and in the same brand new condition that you received it. You may return an item for a refund within 60 days except in the case of custom products and closeout items.
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