Inventory

It may seem that increasing your safety stock is the obvious solution for stock shortages. After all, it makes sense that having more safety stock lowers your chances of a shortage. Unfortunately, this is far from reality. Increasing safety stock is an expensive way of managing your inventory. As a…

Departmental silos are a challenge that many growing business organizations face, and the retail industry is no different. In fact, one of the top five most common causes of overstocks is “data disconnect”. The Importance of Connecting Inventory Processes Let’s have a look at some facts and figures: Additionally, when…