November 12, 2020
How To Build An Effective Warehouse Inventory Management System
Inventory management (also known as stock management or stock control) is one of the fundamentals of a supply chain, which helps track the company’s resources and ensure they are sufficiently stocked to work correctly. Today’s main challenge for enterprises is reducing manual work involved in inventory management and saving productive hours by integrating automatic systems backed by the latest technologies.
This is why many small and midsize businesses (SMB) are interested in launching advanced warehouse management operations and are investing in inventory management software. The fact is that 46% of SMB representatives still track their stock manually or don’t do it at all. Today, the tectonic shifts in the world’s economic landscape push businesses to act in order to survive.Almost half of the industry-leading chains are ready to invest in warehouse automation, robotics, AI and ML, and other core technologies to drive the supply chain’s performance. With these investments, SMBs make stock control a critical factor for their financial success.
Article, Logistics, Software Development