INVENTORY CONTROL

Ecommerce

Effective inventory control is about selecting the right products, ensuring optimal inventory level for sales.

This is essential to the profitability and sustainability of running your business crucial for business on the e-platform.

There is a need to balance having enough stocks to meet orders from customers and minimise overstocking to incur high cost.

Maintain the right inventory level to meet online orders and to avoid stock out situations are challenges in inventory control.

F&B

Stock control is crucial for any F&B outlet. It may make or break a business. The practice of effective inventory control includes the selection of the right products, ensuring optimal inventory level to achieve targeted sales, is crucial for survival and growth.

Projecting the right stock level means having optimal stocks to meet food and beverage orders. Understocking can lead to higher costs in lost sales and disappointed customers who may lose trust in the outlet. Overstocking would risk high wastage with spoilage in the perishables, not to mention the finance tied up that cannot be liquidated fast enough.

Maintaining the correct inventory level to meet customer orders for prepared and ready food items as well as beverages and ensuring that stock out situations do not occur are challenges in the control of inventory. Thus, effective inventory control is one of the key elements underpinning the success of any F&B outlet.