Effectively managing inventory is frequently a challenging task for businesses. While certain variables may share similarities across organizations, the significance of accurate forecasting and its consequences can greatly differ based on the industry or business model. One persistent issue that troubles multiple industries is the lack of visibility into inventory.
Invisible inventory refers to untracked inventory, materials, or items within the supply chain due to inadequate inventory management processes. Factors such as mishandled returns, misplaced scanning equipment, inadequate receiving schedules, and more can all contribute to this problem.
To discover strategies for staying ahead in inventory management, I encourage you to explore the resource provided below. It offers valuable insights to help you tackle this crucial aspect of your business operations.