What are the biggest benefits of automating inventory management and reorders?
Core retailers have gotten consistently better with inventory management, tracking their sales and their customer buying habits through their POS system. What is often neglected is how the product got into inventory in the first place. Receiving directly from an order not only drastically speeds up the process of getting product into inventory; it also exposes the weaknesses in the supply chain. Are you getting all of the sizes you ordered? How many shipments are you receiving that big pre-book order in? How badly are those shipping costs cutting into your margins? How close are your suppliers to hitting the promised ship date? Are you losing sales because product that should have arrived didn’t ship? Answer these questions and share the results with your suppliers. They’ll either strive to improve, offer you discounts or both. After all, these suppliers are interested in you selling their product and this is a good way to turn the relationship into a collaborative effort based on soli
