Successful inventory management is often one of the most difficult aspects of running a business. While variables may be similar from organization to organization, adequate forecasting and its impact can vary enormously depending on the industry or business model. One common troublesome area spanning various industries is insufficient inventory visibility.
Invisible inventory is unaccounted inventory, materials or items in the supply chain due to inadequate inventory management processes. Misdirected returned products, misplaced scanning equipment, inadequate receiving schedules, and other factors can all contribute to this.
For ways to stay ahead of the curve when it comes to managing your inventory, check out the resource below.