If inventory tracking is draining your resources, consider these strategies to streamline operations and reduce expenses:
- Embrace technology. Invest in an inventory management system (IMS) that automates tracking and reduces errors.
- Analyze data. Regularly review inventory reports to identify patterns and adjust stock levels accordingly.
- Negotiate with suppliers. Build strong relationships to secure better prices or consignment terms, reducing carrying costs.
How do you tackle inventory challenges? Your strategies could be invaluable to others.
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