3 ways to control inventory and warehousing
to optimize your retail operations
Did you know? Warehouses with automated management systems have an average order
accuracy of 90.6%. Orders with the wrong items or missing items will
impact a customer’s perception of your company.
The way consumers prefer to shop is rapidly changing and the success of a retail business is dependent on the performance of its supply chain, and the efficiency of its warehouse operations. Ensuring that a minimum amount of stock is held to satisfy the majority of demand, at an affordable cost isn’t easy. Having a streamlined and efficient process giving you the ability of fulfilling more orders, quicker, and offering more shipping options is now business critical.
In the changing retail landscape, technology continues to play an increasing part in the ability of businesses to keep up with growing demand, reaching new customers and gathering the data they need to outgrow their competitors. Did you know? Warehouses with automated management systems have an average order accuracy of 90.6%. Orders with the wrong items or missing items will impact a customer’s perception of your company.
Watch this video with James and James the leading UK Fulfilment Service and Brightpearl,to find out how can you can optimise your inventory and retail operations for increased profits. The topics covered:
- How to work out the opportunity cost of stock
- Rationalising your SKUs for maximum profit
- How to determine the number of SKUs retailers should stock