Having a balanced inventory is important for small and large organizations. Without it, you could have sales orders flying in and you could run out of stock on items. While it’s greats to have a large number of orders, being out of stock on goods for potential customers comes with its downsides. Think about it, if you don’t have the product the customer is interested in the more than likely they are to cancel an order and seek alternatives. On the other end, you could also order too many items that may increase carrying costs, or worse, be wasted. If you are interested in learning more about balancing your inventory spreadsheet to avoid some of these issues, make sure to check out the resource below.
Infographic created by WSI, an eCommerce fulfillment provider