Stockholding models and stock policy

Article by The NETSTOCK Mentor

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These terms are often used in conjunction with one another.  Let’s explore the relationship between them.  In the process, we’ll look at how and why Policy impacts on your inventory and whether or not the model is of any practical value to a business owner.

Preventable causes of Stockouts

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Stockouts almost always make it to the “worst nightmare” lists of businesses, and for good reason. Not only do they lead to lost sales, out-of-stocks also result in poor customer satisfaction and lower loyalty levels. Customers often feel let down when they encounter an out-of-stock message, and we know that as a business, the last thing you want is to disappoint customers.

Inventory Management vs Inventory Control

Article by the Netstock Mentor

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As a business owner, you require an inventory management system that insures the next order you place is the right quantity both for you and your customers and for your business.

Frankly, without an inventory management system you do not know whether or not the next order that your Buyer or even you place, will result in excess stock or a stock out.

Benefits of Inventory Optimisation

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Inventory is what drives your company, but managing and keeping it at optimum levels is hard to do if you don't have the right tools. 42% of customers rates stockouts as one of there primary inventory concerns, while 37% worry they have excessive capital invested in inventory. Stockout of high demand items result in unhappy customers. Netstock can help you manage your inventory better, reduce your costs and grow your business.


«March 2020»