Executive Briefings

Missing Inventory, Eh? Just the Facts, Ma'am

A whopping 35,000 cases of canned goods disappeared from a warehouse on the West Coast. The inventory, enough to fill a dozen trailers, was lost over a period of six months. There were no prior losses of this magnitude at any warehouse during the company's century in business.
Experience with missing inventory says that it is rarely the result of malfeasance. On television, Tony Soprano and his friends target high-value, low-bulk items like jewelry and cigarettes. In real life, incorrect data entry, mistakes in company databases, errors in units of measure, or glitches in software are more likely. Occasionally, a truck is sent to the wrong warehouse.
Source: CRM Buyer, http://crmbuyer.com

A whopping 35,000 cases of canned goods disappeared from a warehouse on the West Coast. The inventory, enough to fill a dozen trailers, was lost over a period of six months. There were no prior losses of this magnitude at any warehouse during the company's century in business.
Experience with missing inventory says that it is rarely the result of malfeasance. On television, Tony Soprano and his friends target high-value, low-bulk items like jewelry and cigarettes. In real life, incorrect data entry, mistakes in company databases, errors in units of measure, or glitches in software are more likely. Occasionally, a truck is sent to the wrong warehouse.
Source: CRM Buyer, http://crmbuyer.com