The majority of small to mid-size wholesalers still rely on spreadsheets to manage their inventory and their business as a whole. They’re time-consuming to build and maintain, and typically act as static data repositories. Not to mention the error rate in spreadsheets is between 20% and 40%!
The cost of carrying excess and obsolete stock is enormously high. Add to that the missed cost if you don’t have enough product to meet demand, and the importance of accurate inventory tracking becomes clear. Now with all that in mind, can you afford a 40% margin of error?
Get a handle on your inventory with our free eBook. Inside, you’ll learn about:
Inventory management challenges SMBs face in an increasingly complex market
Inventory planning strategies
Basic rules of inventory management
How to achieve better visibility and planning with integrated inventory planning systems