How are small to medium-sized businesses tackling the challenge of inventory management?

Proper inventory management is tough to achieve for companies of any size, but smaller entities face a particular challenge, especially in the post-pandemic era. They lack the resources of their bigger counterparts to absorb the cost of stock in the pipeline, as well as deploy solutions to optimize it. The nature of their plight is made clear in the 2024 Benchmark Report on Inventory Management, released by Netstock. On this episode, we discuss the findings of the report with Netstock chief technology officer and founder Barry Kukkuk. We learn about the difficulty of striking a delicate balance between having enough inventory on hand, and not weighing down the balance sheet with unneeded product. And we explore whether artificial intelligence can help. Hosted by Bob Bowman, Editor-in-Chief of SupplyChainBrain.

This episode is sponsored by Netstock. 

Show notes:

Netstock’s Inventory Management 2024 Benchmark Report.