What is inventory management?
Inventory management means tracking the inventory from manufacturing or purchase to storage to final sale. It involves having visibility of inventory levels to avoid overstocking or shortages. Overstocking is not preferred as it adds to the costs and shortages would lead to losing out on sales opportunities.
What are the benefits of inventory management?
Inventory management is an important part of the supply chain and has the following benefits:
- Inventory management helps in the efficient utilization of storage space by controlling the stocking up of slow-moving items.
- It improves the cash flow as money is not tied up in dead stock lying around.
- It keeps the customers satisfied by ensuring that the right products are available at the right place at the right time to meet customer demand.
How does Zeo Route Planner help with faster deliveries?
Zeo Route Planner is easy to use and helps you create optimized routes within seconds. It allows you to add details like delivery time slot, stop priority, stop duration, customer details, and any specific customer notes. It saves the time spent on the road so that more time is spent on revenue-generating activities.
Route optimization also results in lesser operational costs and improves the profitability of your business.