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Imagine this: You’re a supply chain manager at a mid-sized retail company in December. Demand for your top-selling product has unexpectedly skyrocketed.
Picture this: A boutique owner stares at her holiday inventory plan, remembering last year’s costly mistakes. During peak season, she ran out of bestsellers, losing valuable sales. Meanwhile, unsold holiday items piled up, forcing steep markdowns that ate into profits.
The struggle is real: A warehouse manager sifts through conflicting inventory reports while backorders pile up and customer complaints roll in. One corner of the warehouse is packed with unsold stock, tying up cash, while production slows down because essential parts are missing—again.
Inventory management leader surveyed over 100 American small- and medium-sized businesses, revealing SMBs anticipate significant impact and rising costs.
Meeting customer demand is essential for any business, but traditional planning methods often rely on outdated data and rigid forecasts—making it tough to keep up in today’s fast-paced markets.
Your Bill of Materials (BOM) is more than just a list—it’s the foundation of your production planning. For straightforward products, a single-level BOM might suffice.
How many times have you found yourself scrambling to meet demand in one location, overstocked in another, and without clear visibility across all warehouses? Effective inventory management is key to running any business smoothly, but for companies with multiple locations, it’s absolutely crucial.
Part of Netstock’s Predictor Integrated Business Planning (IBP) solution, this functionality empowers SMBs with data accessibility essential for business success