Excess inventory exposes businesses to greater opportunities for products to become lost, damaged, or become obsolete. It takes money to stock products with no immediate return on the investment in storage. Too little inventory prevents you from meeting customer demand, which will not only cost you the present sale, but will also damage your brand’s reputation.
Improving your inventory visibility will empower you to keep the optimal level of inventory to prevent these expensive supply chain mistakes. Optimizing your inventory also ensures that your customers will always have access to the products they want.
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