Inventory is one of the largest assets and investments for your warehouse. The success and failure of your company may ultimately depend on how your inventory is managed. While there are many different areas to consider when managing your inventory investment, one important area that can often be neglected is the Inventory Buying Process. Since 1990, K3S has helped create profitable warehouses by providing smarter procurement / purchasing tools for their inventory through Systems of Insight (SoI), transforming buyers into Inventory Analysts, and allowing them to fill more orders with less inventory.
How much do you think it costs to carry inventory in your warehouse? Like an iceberg, the bulk of your carrying cost lies hidden below the water. This is the part of the iceberg that can sink your company if not recognized soon enough.
Click below to explore some of the areas that contribute to the total cost of carrying inventory and why it is important to remember them as you consider the amount of inventory you can comfortably carry.