Change can be daunting, and implementing an inventory management system requires multi-stage and interdepartmental planning and processes. Still, it is a necessity to increase visibility and provide exceptional customer service.
According to Flexis, inventory, on average, is only accurate 63% of the time for retail businesses. This means that inventory figures are incorrect 37% of the time, which can cause a ripple effect of disruptions throughout your supply chain.
To help ensure your order fulfillment is accurate and on time, we've compiled these 10 steps to implementing an inventory management system into your supply chain processes.
For a more in-depth look at these 10 steps, check out the corresponding webinar, Implementing an Inventory Management System, where we explore real-life examples, industry statistics, and even potential challenges.