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We discussed about the blood and what is it, lets also look at what all challenges are faced in the blood to flow seamlessly.

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Any organisation faces some primary challenges in the inventory management and some of which are
~ having too much inventory & not being able to sell it,
~ not having enough inventory to fulfill orders,
~ not understanding what items you have in inventory
~ where actually is your inventory to be located when needed

There are other challenges as well:

~ Getting Accurate Stock Details: In absence of accurate stock details, there’s no way to know when to refill stock or which stock moves well.

~ Poor Processes: Outdated processes can make work error-prone and slow down operations.

~ Changing Customer Demand: Today’s world is facing the highest rate of change and customer needs are no different. Rather the pattern of this change is also tough to forecast. If the system can’t track trends, its just not possible to decide what to store and how much.

~ Using Warehouse Space Well: This is the most common challenge I have observed warehouses facing even today. How to optimally use every square inch of the warehouse is really something which either is not done due to lack of ability or will power because even today warehouses are not accorded their due respect in the overall manufacturing set up at many places

Tomorrow we shall talk about what is inventory and how many types of inventory are there. Till then you already know

The best coach in the game of inventory is namedΒ Synergeze Consultants Private LimitedΒ – we ensure that each SKU of yours is stored in the most efficient manner and tracked equally well for managing its inventory.

Till then do let me know in the comments section on your thoughts about the inventory.

#gccoachΒ #inventory_managementΒ #inventory_challenges

Small businesses at times seems to be ignoring many a thing, by just treating them as one more jargon in this new age of super complicated words and synonyms. Process Re-Engineering can be a game changer to businesses, as it can perform miracles on a failing or stagnant company and open new doors for a company on steady path of growth. However, the process is tricky and needs some pain-killers to supress the pain of change and pain of tearing down what we are used to and feel comfortable with. If ignoring this was a mistake, the next big mistake could be to settle for a cheap and basic process re-engineering tool in absence of an expert guidance. It could be that you tried saving a cent and lost a dollar. We atΒ Synergeze Consultants Private Limited, help businesses to implement the changes in an ongoing manner without effecting the current operations in any way and yet delivering the desired results. To learn more about our standardised approach which is customized for every single business please reach out to us. If you wish to be more profitable and save on all forms of costs – Your destination is our name – Synergeze Consultants Private Limited.
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