November 2, 2022

You are doing inventory wrong!

Inventory in an omnichannel world

In today’s omnichannel world, how much inventory should you carry? If you have too many products, they can go obsolete, and you have to mark down prices. If you have too little, you can lose sales and have unsatisfied customers…

So what are your options?

  • Extensive planning and forecasting?

Sure, but things don’t always go as we plan. Unexpected events happen. Demand shifts. And this all impacts your inventories. Investing solely in a finely-tuned plan is not enough. Plans change daily!

  • Excel?

You spend endless hours sifting through confusing excel spreadsheets, and it’s still nearly impossible to update inventory status in real-time

We get it. It’s not easy. But instead of continuing to spend precious time and resources doing the same work over and over, you need to take a new approach.

What does new look like?

  • More automation and a user-friendly interface?

Yes, so operators like you have data intelligence to source, make, and deliver your products, with cross-functional efficiency for teams across the organization.

  • Better insights?

Yes, so your company becomes better aware of all its operations. And the more aware you are — the more insights you have — the better you will respond to any sudden occurrences, avoiding missed sales and inventory waste.

What matters most to you is driving results for your company. Over the course of this blog, we will expand on how inventory intelligence compares to existing solutions, and how bops can empower operators like you to do more with your data using our technology.

Stay tuned for the next blog!