Inventory management is complex and time-consuming, requiring the retailer to constantly monitor and improve their own business processes.
Monitoring errors in demand forecasting, lost sales, blocked excess money, and deteriorating product turnover – the daily “reality” of any retailer –, will provide an opportunity to identify and eliminate bottlenecks in your chain's inventory management.
Inventory is the main asset of any retail business. Efficient inventory management and continuous monitoring make it possible for the business to multiply profits and avoid excess inventory and financial losses. You can read in our material what factors affect the success of the chain and what mistakes in inventory management should be avoided.