Here's how you can establish and enforce inventory control policies and procedures as a leader.
Effective inventory management is crucial for the success of any business that deals with physical products. As a leader, it's your responsibility to establish and enforce inventory control policies and procedures that ensure efficiency and accuracy. This involves creating a system that tracks inventory levels, orders, sales, and deliveries. By doing so, you can prevent product shortages and surpluses, which can lead to lost sales or excessive carrying costs. The goal is to maintain optimal inventory levels that meet customer demand without incurring unnecessary costs.