Handling Inventory Management in a Post-COVID World
During the early days of the COVID-19 pandemic, stockouts were the norm as overseas shipments halted, retailers ran out of goods, and manufacturers ran out of materials. Skip to 2021, and businesses were trying to find the balance between Just-in-Time and Just-in-Case methodologies. Another year beyond that, companies struggled to optimize bloated inventory levels resulting from high levels of safety stock. Here in 2023, much effort is being spent on purging unsaleable inventory in favor of more valuable goods. Pre-pandemic inventory priorities centered on ... Read More