Operating within the food industry as a distributor, supplier, or manufacturer is not for the faint of heart. Federal and state regulations surrounding food (and beverage) are strict, customers are demanding, and the food products themselves are often at risk of perishing or passing sell-by dates while on the shelves. Whether you are a foodservice…continue reading
Inventory Optimization Software: A Guide
Inventory optimization software helps employ best practices seamlessly through automation and heightened visibility. According to a report from McKinsey & Company, the worldwide cost of inventory distortions, i.e., overstocks, stockouts and shrinkage is $1.1 trillion. Reducing those distortions can lower inventory costs by 10%. Inventory optimization software puts the “best” in these 5 inventory management…continue reading
