Accurate inventory management holds the key to successful storage and distribution. Use of cycle counting to physically count inventory and match it to what the system says is a great way to ensure effective inventory management. Having consistent inventory procedures will help in optimizing storage and distribution of products.
There could be common issues faced during inventory management and the rule of thumb should be to get them fixed and to ensure that they don’t occur again. It is important that the items are stored and moved strategically so that they can be accessed and shipped correctly the first time every single time.
The inventory management for effective storage and distribution must be done using consistent methods of tracking and counting. Inventory management is a key element of supply chain management and includes aspects like controlling and overseeing inventory, storage and controlling the amount of product for sale.