By maintaining inventory, you incur costs. These costs include not only the cost of products but also the cost of warehousing, employee handling, insurance and overhead. Now is the time to optimize your inventory to reduce capital tied up in slow moving products, salvage dead stock, and maximize the use of your warehouse facility.
More than ever, the right technology is an essential tool to help businesses tightly manage their cash, drive efficiencies and reduce costs. The right technology can help you to:
- Identify over stock and salvage dead stock in your warehouse to help you optimize and maintain the correct product mix
- Recommend more efficient purchasing to keep quantities low but still provide the right levels of service
- Help to control rising costs from vendors and suggest more efficient purchasing methods
With the right technology you will be able to wring the dollars you have tied up in inventory assets into cash and reduce your overall warehousing costs.