Keep it in the Cloud
Retailers are now looking for ways to make system-wide visibility throughout the supply chain available to meet these changing expectations; having updated information on inventories allows for better decision making.
One of the best ways to do so is investing in cloud-based software that automatically tracks and manages your inventory in real time. this software helps you monitor changes in demand, allowing you to respond appropriately by adjusting supply. in turn, you can reduce the carrying costs of the inventory by guiding quick and adaptive adjustments that lead to smarter (and cheaper) transportation decisions.
In the same vein, adopting a tagging system will give you key insights into your inventory, including volumes and location of stock. Radio frequency identification (RFID) source tagging has seen a resurgence in the past few years, serving as a valuable tool to monitor stock levels across channels, in real time. Likewise, HighJump’s order management software streamlines your order transactions to help you thrive in the omnichannel world by offering services from order modification to inventory tracking.