When we onboard any new customer, we make sure to understand the most important facets of their business so we can help strategize growth and opportunity. One common challenge that impacts supply chain businesses is inventory management. Having your finger on the pulse of your inventory and managing the incoming and outflowing of these products is paramount.
Three Common Challenges of Inventory Management and How to Avoid Them Altogether
Imagine being at batting practice and not being able to see the ball; you’re swinging blindly in hopes that you make a connection. When inventory is hard to find or track, your supply chain is swinging at pitches they can’t see. With limited visibility, incomplete orders and delays in shipping and receiving are a common part of your business, causing losses in revenue and valuable time. Labeling, tracking, and receiving are all crucial parts of efficient inventory management and supply chain operations, but most importantly, they all impact customer satisfaction and loyalty.
At WSI, we utilize a clearly defined process combining the advantages of a technology-driven Warehouse Management System with the ability to perform physical inventory checks.