Inventory is an important part of business especially in sectors such as the retail sector and online business. For the retail sector inventory is the source of revenue generation.

According to the blog of Conveyco about inventory statistics, “The average U.S. retail operation has an inventory accuracy of only 63 percent”.

When there is only an accuracy of 63 percent there are bright chances of phantom inventory existence in business! In this blog, you will know how you can…

Inventory is an important part of business especially in sectors such as the retail sector and online business. For the retail sector inventory is the source of revenue generation.

According to the blog of Conveyco about inventory statistics, “The average U.S. retail operation has an inventory accuracy of only 63 percent”.

When there is only an accuracy of 63 percent there are bright chances of phantom inventory existence in business! In this blog, you will know how you can…

Inventory is essential for day-to-day activities without inventory organization’s daily operation will not be completed. Inventory can be end-product, raw material, MRO good, etc. Maintain accuracy is very important in effective inventory management. In this infographic, you will know everything about inventory management.

What Is Inventory Management?

Inventory management enables an organization to track, monitor, and control inventory that is manufactured, purchased or…

Inventory management is not a simple job. Lots of organizations think that do not need any specific inventory management but they do not see the full picture. It keeps track of goods and inventory in the right location to not waste on unnecessary inventory expenses.

When inventory management is not done efficiently it leads to lots of wastage of inventory. That is why you need to inventory management strategies to optimize inventory!

What Is Inventory Management?

Inventory…