As retail trends shift quickly, a small business may find itself an opportunity to leverage new technology and improve their supply web capabilities. Many new business owners typically focus on making the most sales as well as improving their ROI. With that being said, the task of properly fulfilling the sold products may not have as much an emphasis. In fact, only 18% of small organizations use inventory management systems. While tracking is possible using manual documents, it may not be as accurate. Without an accurate inventory, many problems can ensue with inventory levels that are too little or are carrying too much. Make sure to check out the resource below to understand more about the significance of using a balanced inventory management system.
Infographic created by WSI, a warehousing and distribution company