The Impact of Inventory Management on the Supply Chain
Now more than ever, good inventory management is the key to success for manufacturers and wholesale distributors. Having the right products, in the right place, at the right time, in the right quantities and doing so at a low cost drives profitability, cash flow and customer loyalty.
Nothing is more frustrating to a customer than placing an order online, only to find out after the fact that it’s out of stock. Striking the balance between too much inventory and not enough can be difficult, especially if you’re relying on Excel spreadsheets, or worst, on pen and paper. 43% of small businesses either track inventory manually or don’t track it at all.
Learn how the right inventory management system can help your business survive in challenging times and thrive during good times.