Overcome the 5 Key Challenges of Inventory Management

Overcome the 5 Key Challenges of Inventory Management

What’s in stock, what’s on order, where stock is staged or stored, and where and when that stock is shipping… Inventory management is complex business. While the challenges are numerous, there are five that seem to cause small- and mid-sized business owners the most angst.

Here’s how these obstacles can be detrimental to businesses and how to overcome them.

1. No real-time data on inventory statuses.
2. Relying on manual processes.
3. Ensuring everyone has access to the inventory information they need.
4. Manual inventory control isn’t scalable.
5. Software is too complex.