Effective use of data is crucial for efficient management of inventory, helping to maximize profit and increase customer satisfaction.
Inventory analytics can help:
• Assess inventory levers, predict product fulfillment needs and identify potential backlog issues.
• Identify product flaws to reduce returns and cancellations.
• Monitor safety stock and inventory movement across locations and products.
• Track and pre-empt slow-moving, obsolete or expiring inventory.
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