There are numerous consequences of poor inventory management, all of which have a detrimental effect on your business and can be avoided with good stock control software and a little organisation.
Investing in superior quality stock control software is the key to avoiding the consequences of poor inventory management. But, if you’re unsure that you need to make such an investment, then consider the increased costs of not knowing where you stock is at any given time. This could result in you buying more because you cannot find something. If you deal with perishable items, you also need to consider the cost of out of date stock that wasn’t sold, or moved on in time because it couldn’t be found. Not knowing where your stock is, because you’re not using inventory management software makes it impossible to track too. Closely linked to this is the inability to balance your stock effectively. Under or over stocking are inevitable outcomes of not investing in warehouse management software.
The ultimate consequence of all of this is of course, poor customer service. Suddenly investing in stock control software seems a much more important investment to make for the health and wellbeing of your business.
Company Inventory Software