Top 10 Benefits of Inventory Management

TOP 10 BENEFITS OF INVENTORY MANAGEMENT IMPROVED 1 INCREASED 2 INCREASED INFORMATION TRANSPARENCY DELIVERY SALES PERFORMANCE Know when items are received, picked, packed, shipped, kitted, manufactured, etc. Know when you need to order more, when you're over-stocked, or under-stocked. 2$ Businesses who actively manage their inventory report a 2-10% increase in sales. SHORTER LEAD TIMES 4 LOWER COSTS Businesses who actively manage their inventory report a 50% reduction in lead times. L. Real-time Decreased inventory write-offs/ write-downs plus lower inventory holding costs. inventory updates improve the flow of goods to customers. 6. 7 8 INCREASED EMPLOYEE ACCURATE PLANNING DECREASED STOCK-OUTS EFFICIENCY TEMPORARILY | OUT OF STOCK Stay steps ahead of the game and always have the right amount of products on hand by making decisions based on inventory trends. Businesses who actively manage their inventory report a 10-25% decrease in stock-outs. 6. 10 INCREASED CUSTOMER INCREASED INVENTORY LOYALTY TURNOVER Good inventory management solutions save employees and partners time. Less time spent on managing inventory results in greater productivity for you and your clients. Improve your organization's accuracy and efficiency, and your customers will love you for it. They'll trust you to fulfill their needs and you'll have exactly what they're looking for when they come back for more. Optimize the value of goods you have and increase inventory turnover by keeping fewer slow-moving products on hand, while increasing your stock levels on profitable goods. clear spider © 2014 by Clear Spider www.clearspider.com