Seven Costly Consequences of Inventory Mismanagement
Do you know exactly what you’ve got in inventory? What happens if you don’t?
Distribution companies that struggle with inventory management can see a wide range of internal challenges, poor practices, and hidden costs. If you can’t calculate inventory value and turn rates, forecasting and fulfillment become difficult. You’re either over- or under-stocked, which impacts your turn times and ultimately your cash flow.
In this white paper, we’ll share seven consequences of mismanaged inventory – ones that can be quite costly to your company’s bottom line. We’ll also cover seven best practices that will help you optimize your inventory management. Find out what you can do to improve your processes, along with how the right technology can assist you in overcoming your inventory challenges.
