Tis the season. No, not that one. It’s the season when businesses make their lists and check them twice for the dreaded year-end inventory count. This piece of inventory management is crucial, but it often ends up feeling like a grueling annual marathon.
Product companies have to innovate quickly in the coronavirus era. With increases in online shopping and demand for click-and-collect, retailers and wholesalers are doing everything from shifting their sales-channel focus to fundamentally changing how they do business.
Sooner or later, product companies will be required to audit their inventory. Learn the basics with Cin7’s introduction to auditing for inventory.
Lost, obsolete or overstocked inventory drives up costs and destroys margins. Without inventory visibility, you won’t know your business is suffering until it’s too late.