Bujubuli store with Minimum inventory. In today’s fast-paced business world, excess inventory can be a major obstacle to growth and profitability. Whether it’s unsold products taking up valuable storage space or excess and obsolete items tying up capital, having too much inventory can lead to increased costs and decreased cash flow. There are various causes of excess inventory that businesses should be mindful of. Forecasting errors, such as inaccurate predictions of product demand, can result in over-ordering or under-ordering, leading to surplus stock. Poor inventory management practices, like inadequate tracking systems or communication gaps between departments, can also contribute to excess inventory. Supplier issues, changes in demand, product life […]
