How to reduce inventory risk? Also introducing the advantages and disadvantages of holding inventory.
Reviewing inventory management rules and processes, as well as initiatives to reduce returned inventory, is important!
Efficient inventory management significantly affects a company's profitability and management situation. Additionally, by maintaining appropriate inventory levels, companies can quickly respond to customer demand, leading to increased satisfaction. On the other hand, excessive inventory can increase costs and pose risks to cash flow liquidity. This article will provide a detailed explanation of the advantages and disadvantages of holding inventory, as well as the associated risks and how to address them. We will also introduce the latest AI tools that can be utilized to enhance the accuracy of demand forecasting. In particular, no-code AI tools are recommended for many companies as they can be implemented without technical knowledge. *For more detailed information, please refer to the related links. For further inquiries, feel free to download the PDF or contact us.*
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