Stock levels can be reduced by up to 25 percent through digital inventory management. We figured it out in a survey of companies from retail and e-commerce. The respondents reduced their inventories by around 15 percent, on average. 63 % reduced redundant stocks by more than 10 percent. A tenth of companies came to more than 20 %.
The main objectives of introducing inventory management software? According to our survey participants, this is needs-based inventory planning and preparation for further growth. Another requirement is to avoid out-of-stocks. This refers to the loss of delivery capability due to missing items. Software solutions provide a remedy: the majority of respondents (58 %) increased their product availability by 5 to 10 %. So anyone who introduces software for inventory management does not only automate their scheduling. Reducing unnecessary security assets also reduces tied capital. In addition, liquidity is increasing – important prerequisites for economic success.
We have also examined why companies choose a particular solution. The most important criterion when selecting providers: For 60 % of the survey participants, this is the flexibility of a software. Well-founded advice from the provider was also high on the popularity scale with 50 %. Simple operation is of great importance to 45 % of respondents. Service- and user-oriented factors are therefore highly relevant. But economic criteria, system depth or value for money also play an important role. The desired flexibility is made possible, for example, by software solutions in which different power modules can be combined as desired. You can find out which ones can be in our Add-On selection. Take a look!