Our new whitepaper ”Solving 3 Inventory challenges with Inventory Management” aims to tackle three common inventory challenges and explore the solutions an Inventory Management system can propose.
Challenge 1: Keeping Track of Inventory in Real-Time
Where are my products, and where are they located? A question that is on the mind of any retailer. These questions are not so easy to answer as there are many factors that come into play when calculating how much inventory is present in warehouses.
Challenge 2: Distressed Inventory & Overselling – Finding Balance
Inventory Management is like a balancing game – having too much inventory means spending extra money on storage and risking reaching expiring dates, while having too little inventory means missing out on sales. Finding the right balance is a demanding task.
Challenge 3: Customers Expect Inventory Visibility
Customer expectations are growing. Managing inventory to get the right product to the right place, within a strict timeframe, is critical to a business’s success. This included providing insight into how much inventory is available, ordering products in-store, and product delivery within a one- or two-day timeframe.
Want to know more? Download the new inventory management whitepaper.