Inventory software reduces stockouts, overstocking, and excess costs efficiently.
Track inventory turnover to assess health and improve profit margins.
Use industry benchmarks to set ideal turnover goals effectively.
Reduce holding costs with just-in-time and smarter storage solutions.
Vendor-managed inventory improves flow, cuts costs, enhances supplier relations.
Balance service levels and stock with EOQ and data.
Accurate demand forecasting avoids shortages and costly surplus buildup.
Use KPIs like turnover rate and stockout metrics weekly.
Maximize profitability by syncing inventory with real demand analysis tools.