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Inventory management is a complex business. What’s in stock? What’s in order? Where is it staged or stored? When is it shipping and from where?
The challenges are numerous, but there are five that hurt small and mid-sized businesses owners the most:
1. No real-time data on inventory
2. Over-reliance on manual processes
3. Ensuring access to necessary inventory information
4. Lack of scalability for manual inventory control
5. Software is too complex
Here’s how detrimental these obstacles can be to your business and how to overcome them.