There are a few strategies and techniques that every new warehouse owner should be aware of. On the top of that list is inventory management! After all, inventory is the reason we have warehouses.
While it might seem like common sense to manage this, poor inventory management could lead to some serious consequences. Viculum Group said, "Mishandling or neglecting a proper inventory management system can cause a business to either lose income on potential sales or waste money on stocking up too much, resulting in a surplus."
Part of this process is planning ahead, scoping out potential risks, and predicting demand. Technology and software can help immensely with all of these.