Inventory accuracy can be a balancing act. You want enough products on hand to handle busy weeks without carrying too much in case of wasted resources. It is estimated that inventory issues cost $1.1 trillion every year. With that in mind, consider using inventory software to help manage inventory accuracy and other processes. Inventory management will help provide greater visibility to your operation because it can provide real-time accurate data. These can include real-time inventory reports, and transaction history on every item. Make sure to check out the infographic below for more tips on managing an accurate inventory.
Infographic created by WSI, a 3PL distribution provider