The Cost of Inaccurate Inventory Maintaining accurate inventory counts for convenience store operations pose significant challenges, often leading to lost revenue, increased shrink, and poor stock availability. With high SKU variation, lean staffing, and fast-moving inventory, staying on top of stock levels can feel overwhelming. Many operators still rely on manual counts or outdated self-scan […]
The Reality of RFID: More Than Just a Tech Upgrade Retailers and businesses are increasingly turning to Radio Frequency Identification (RFID) to improve inventory tracking, reduce shrinkage, and enhance the customer experience. However, during our recent conversation with Professor Adrian Beck, Emeritus Professor at the University of Leicester, emphasizes, "it's not a plug-and-forget technology—it's a […]
Why Accurate Inventory Management Matters Effective warehouse inventory management is essential for businesses aiming to minimize losses, optimize stock levels, and improve operational efficiency. Inaccurate inventory tracking can lead to stockouts, overstocking, misplaced merchandise, and lost revenue. By implementing the right strategies, warehouses can improve accuracy, reduce waste, and streamline logistics. This guide explores proven […]
