Problem Solving Inventory

Are you experiencing problems in shipping the right products to the correct customers?Are you making sales, only to determine that you lost money on them after all the costs are considered?To learn more or modify/prevent the use of cookies, see our Cookie Policy and Privacy Policy.

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The more rushed employees are, the more likely they are to make mistakes.

Hiring is often seen as a last resort, and for good reason, but sometimes it may be necessary in order to meet demand, prevent errors, and move the business forward.

The benefit of this approach is that additional employees will almost certainly help with backlogs. Even the lowest paid employees may cost you $20-30,000 a year, and while a warehouse employee will help with picking and packing, they will not likely be able to help out with accounting, admin or overall inventory management.

Depending on the employees’ capabilities, it may be possible to deploy them in several different roles. Investing in Processes If it’s been a while since you took a close look at your inventory processes, then that’s a good place to start.

When approaching the idea of a new inventory and accounting system, evaluate the cost of the new system against the cost of new employees that would have to be hired (without increased efficiency).

An integrated system will also improve efficiency across the entire business.This quiz helps you assess your current approach to problem solving.By improving this, you'll make better overall decisions.When you are finished, please click the 'Calculate My Total' button at the bottom of the test.You probably tend to view problems as negatives, instead of seeing them as opportunities to make exciting and necessary change.While a good system will not entirely eliminate the need to hire again, it can certainly reduce the number of employees it takes to operate effectively.At -30,000 a head, , it’s obvious that a system that can save you even a single employee is worth some serious consideration.We use cookies to make interactions with our website easy and meaningful, to better understand the use of our services, and to tailor advertising.For further information, including about cookie settings, please read our Cookie Policy .These are just some of the common problems experienced by inventory managers in the wholesale and distribution industry.Let’s explore 3 approaches to solving these inventory problems: Investing in People Option one is a fairly obvious one — perhaps you are trying to run on too few staff.

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