Overcoming Monthly and Annual Inventory Problems
Overcoming Monthly and Annual Inventory Problems is an important task for any organisation in controlling inventory cost. We need to conduct daily, weekly, monthly, and quarterly inventory counts of having a better account for the inventory that we are holding. Companies must always have full visibility of their inventory, to know when stock needs to be replenished. It is also crucial to understand what items are in stock, what is going to be ordered, the size and quantity of the order, and what items need to be replenished. This task can be cumbersome, but it is essential to ensuring profitable business operations.