Why is stock control so hard to get right?
Stock control sounds simple, but in a medium-sized business it is one of the most difficult things to get right. Stock errors can have significant consequences and may often go unnoticed.
Beyond the most basic record of stock, the complexities rapidly accumulate: the location of each item, the size and weight, the shelf life. Delivery and customer service add a further complication – handling returns is tricky. Replenishment from suppliers with variable lead times and conditions of order, alongside the prudent management of space and cash, can be a headache.
Staying in control of your stock has a major impact on how efficiently you can run your business. Not being in control of stock creates cumulative inefficiencies and ultimately has an impact on your bottom line.