5 Inventory Management Pitfalls to Avoid


Many small to midsized businesses (SMBs) struggle to compete with their big box counterparts because they have fewer resources including personnel, technology, budget, and time. That said, making your resources as effective as possible is extremely important.

Inventory management is one of the most vital areas of any business yet often needs the greatest improvement. Struggles in this area can lead to a variety of problems including poor customer experience, lack of visibility across departments, low inventory turns, out-of-control labor costs, decreased profitability, and ultimately, business failure.

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