The importance of inventory management simply cannot be ignored. With new warehouses opening every day, the amount of people in need of proper inventory management processes grows in congruence with the amount of people who don’t know how to manage them. Over 1,600 new warehouses were opened between 20.43% of retailers ranked inventory management as their number one day-to-day challenge.Let’s take a look at a few stats from actual retailers who have experienced the hurdles of not using an inventory management software. Inventory management processes are imperative to succeed as a retailer of any kind - ecommerce, multi-channel, brick-and-mortar, omni-channel - if you want to seriously compete. You get stuck with too much inventory or an incorrect amount of product. You can’t list items accurately online because you don’t have visibility into how much inventory you have to allocate to each channel. When you don’t know how much inventory you have on hand, you can’t make smart reorder decisions
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