Efficient inventory management and planning
                     Efficient inventory management and planning 
Inventory is an important part of every business and plays a crucial role in the success of the 
business. Inventory management is the process of managing the movement of inventory from 
the warehouse to the manufacturing unit and then to the consumer. Companies that focus on 
inventory management notice a significant decline in the cost of operations and a rise in their 
profits. Inventory includes raw materials, components as well as finished products. It is 
important for businesses to start with demand planning & forecasting before they connect with 
the suppliers. With the right demand forecast, business owners will be in a better position to 
place an order for raw material. It is important to ensure that you do not stock up on raw 
materials or supplies unless they are necessary for the business. 
 
 
 
Excess orders will cost you space in the warehouse and will eventually cost you money. The 
systematic approach towards ordering, receiving, storing and selling works for all size and types 
of businesses in the industry. Inventory planning is important for every type of business. 
Whether you are a start up or have an established organization, planning your inventory will save 
you significant amount of money. It is essential for you to have a system which allows you to 
track the movement of inventory. Adoption of technology in inventory planning will go a long 
way. 
 
 
 
Advatix is a supply chain expert that offers customized solutions as per your business needs. 
Irrespective of the supply chain stage you are in, Advatix will help build an efficient supply 
chain that will increase the business revenue and sales. The supply chain can be easily integrated 
in your business vertical and it will help save on the cost of operations. The professionals at 
Advatix have worked with some of the top clients in the industry and they always keep the client 
at the forefront when offering a solution.