3 Ways to More Efficiently Manage Inventory
Optimized product distribution also allows your organization to reduce the labor costs required to shift inventory to different locations while helping to minimize multiple shipments to fulfill an order. By maintaining seamless, real-time visibility into inventory, it's easier — and cheaper — to allocate the right products to the right locations.
3. Cycle count programs. Accurate inventory counts are a must for meeting customer expectations. Cycle count programs take inventory management a step further by ensuring inventory accuracy year-round. By focusing frequent inventory counts on higher-volume products, your brand benefits from fewer operational disruptions and a more efficient inventory management process.
Inventory management enables multichannel retailers to rapidly scale and better meet consumer purchasing demands. In many cases, improved real-time visibility into inventory and enhanced communication channels can be leveraged as catalysts for special offers and other activities that drive bottom-line business growth.
Maria is CEO and co-founder of Dotcom Distribution, where she has played an integral role in developing and defining all aspects of the operation, including sales and marketing, operations, finance and IT. Her strategic leadership helps the Board and senior management to establish long-range goals, strategies, plans, and policies. Maria has developed the systemic and procedural infrastructure necessary to provide timely and accurate analysis of budgets, financial reports and financial trends in order to assist the Board, senior executives and clients in performing their responsibilities. Maria holds a CPA. Prior to founding Dotcom, she began her career as an Auditor at Arthur Andersen and was the CFO of GoodTimes Home Video.