One of the key benefits of inventory management software (IMS) is its ability to help product sellers reduce costs associated with inventory inefficiency.
Our Overstock analysis revealed that sellers concerned with overstocking had 75% of their inventory and around $560,000 worth of products in surplus stock.
Learn the value of inventory tracking and how monitoring inventory properly can improve overall operations, reduce costs, and increase customer retention.
Want to get a handle on your inventory levels? Follow our tried-and-tested inventory management rules to gain complete visibility of your product assets
With vendor managed inventory, a supplier actively manages a customer’s inventory levels, aiming to improve efficiency and cut costs for both parties.