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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Retail Inventory Management: The new ‘holy grail’ for SMEs | Quantzig

May 14, 2020 GMT
Inventory Management Best Practices for SMEs (Graphic: Business Wire)
Inventory Management Best Practices for SMEs (Graphic: Business Wire)
Inventory Management Best Practices for SMEs (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--May 14, 2020--

Quantzig, a premier analytics solutions provider announces the completion of its recent article that explains the impact of an effective retail inventory management system on the business operations of small and medium-sized enterprises.

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Inventory Management Best Practices for SMEs (Graphic: Business Wire)

Talk to our analytics expertsto learn how we can help you develop an inventory management system that scales with your retail business.

Inventory management refers to the effective handling of the inventory or stock that a company holds. In retail, inventory management deals with the flow of goods from the manufacturers to warehouses and from these facilities to ultimately the point of sale. As such, retail inventory management is a key aspect of supply chain management and enables businesses to control and oversee inventory, storage of inventory, and control the amount of product for sale. Rightly managing the inventory can help businesses have the right products in the right quantity and avoid products being out of stock or funds being tied up in excess stock.

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Grow your business by delighting customers at every touchpoint and win back time to focus on key business initiatives with Quantzig’s retail inventory management solutions. Request a FREE proposal to learn more about our capabilities.

According to Quantzig’s inventory management experts, “Accurate forecasting is a vital element of inventory management for small businesses. The forecasted sales figures should be largely based on factors such as the historical sales figures, predicted economic growth, market trends, and the promotions and marketing efforts involved.”

Inventory Management Best Practices for SMEs

In this blog, we have discussed the techniques and best practices of inventory management for small business concerns:

We now offer solutions to help retail businesses ensure continuity in the post-COVID period, learn more here:https://bit.ly/3dJ0J2N

Today the efficiency of a retail business solely depends on the retailer’s ability to provide the right goods to the consumer, in the right quality, and quantity. Hence, it’s quite evident that the entire process of retailing depends on an efficient inventory management system. Book a FREE solution demoto know how our inventory management solutions can help you drive an industry-wide transformation that focuses on improving productivity while catering to the dynamic needs of customers.

About Quantzig

Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on our engagement policies and pricing plans, visit: https://www.quantzig.com/request-for-proposal

View source version on businesswire.com:https://www.businesswire.com/news/home/20200514005487/en/

CONTACT: Quantzig

Anirban Choudhury

Marketing Manager

US: +1 630 538 7144

UK: +44 208 629 1455

https://www.quantzig.com/contact-us

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SUPPLY CHAIN MANAGEMENT RETAIL DATA MANAGEMENT

SOURCE: Quantzig

Copyright Business Wire 2020.

PUB: 05/14/2020 09:37 AM/DISC: 05/14/2020 09:37 AM

http://www.businesswire.com/news/home/20200514005487/en