What are the most common inventory mistakes that cause stockouts? + Well, there are countless mistakes that can result in stocks, listing a few: inaccurate forecasting of demand, human related errors, no safety stock, supplier delays, and siloed systems. These gaps not only lead to missed sales opportunities but also dissatisfied customers.
How can automation like barcode or RFID prevent stockouts? + With automated tech tools, you can improve accuracy, speed up cycle counts, and have real-time stock data. Furthermore, RFID reduces human errors and ensures fast reconciliation. This helps brands act well in advance, before stockouts actually occur.
How important is supplier reliability in preventing stockouts? + Indeed important. Even with accurate forecasts, unreliable suppliers cause disruptions. Building backup vendors, negotiating shorter lead times, and monitoring supplier performance prevent costly gaps.
What are best practices for inventory audits? + Run cycle counts weekly by SKU class, and full audits quarterly. Use barcoding and reconciliation within 24 hours to keep accuracy high and shrinkage low. A bonus tip: implement Just-in-Time Inventory (JiT) system.
How does WELPL improve inventory management for brands? + WELPL, your trusted 3PL provider, uses advanced WMS software, barcode/RFID scanning, and real-time inventory updates. This guarantees high accuracy, fewer stockouts, and better fulfillment rates across each and every sales channel.
