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Inventory Management Mistakes

What Are the Most Common Inventory Management Mistakes?   As noted by Logistics Bureau, the most common inventory management mistakes include:   Carrying excess inventory. Carrying too much inventory will result in higher carrying costs, demand for more warehousing space, and longer times between completing picks. Failure to understand inventory needs. Not understanding inventory needs will result in over-ordering or under ordering, contributing to backorders and upset customers. Lack of optimized picking paths. Optimizing picking paths results in more orders fulfilled, less stress for workers, improved transit times between picks, and more. Using paper-based systems and processes. Deploying technology to track and apply data provides continuous improvement and eliminates the risk of human errors in paper-based systems. Poor housekeeping. Even poor housekeeping can harm the health...

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