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What Is Inventory and Supply Chain Management?

Small Biz Trends

Unreliable suppliers can disrupt your inventory calculations, causing inaccuracies in stock levels and delays in order fulfillment, which ultimately damages customer satisfaction. As lead times increase, demand forecasting becomes complicated, often resulting in overstocking or stockouts that can negatively affect your finances.

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How Retailers can Combat Inventory Shrinkage with Drone-Powered Warehouse Monitoring

Retail TouchPoints

According to the Corporate Finance Institute , “Inventory shrinkage occurs when the number of products in stock are fewer than those recorded on the inventory list. The drones photograph pallets (day or night); machine learning (ML) algorithms read bar codes and text and show warehouse management system (WMS) discrepancies in real time.