Effective inventory management is crucial for businesses to operate efficiently, as it can save money, optimize storage space, and prepare for changing consumer markets.
A solid inventory management process also plays a key role in sustainability by minimizing unused products and reducing waste that contributes to global warming.
Overordering and overstocking can lead to increased carbon emissions through supply chains and storage operations, as well as inefficient use of resources like energy and water.
Managing inventory properly can minimize the amount of unused product that is destined as waste to become a contributor to global warming.
By implementing a well-planned inventory management system, businesses can reduce their environmental impact while also improving their bottom line.
Author's summary: Master inventory management for efficiency and sustainability.