One of the most frustrating things for business owners is having a customer ready to buy, but not having any of the product in stock. Your warehouse and inventory management policies should be designed to minimize this, but no system is perfect. You should continually analyze and benchmark your inventory policies to see if any new or existing problems are putting a strain on your supply chain.
Here are some of the top reasons why companies run out of important products and how to avoid these major supply chain hang-ups.(more…)