Real-time inventory control greatly improves B2B inventory management. Real-time inventory control allows companies to visualize current warehouse data and be transparent to customers as to which items are or will be available soon.
Inventory transparency is critical to inventory management in B2B, as inventory availability and accuracy directly affect your customers' sales and profitability, regardless of whether they're a B2B or B2C company. You can also book a demo to get more details about B2B inventory management.
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Real-time inventory control also prevents unwanted dead inventory scenarios. With stored warehouse signals configured in the inventory management system, articles can be tracked to their expiration date. Tracking expiration dates and slow-moving inventory allows companies to better manage their inventory and even sell products at discounted prices before they become useless.
B2B inventory management can be further optimized with ship-to-customer shipping capabilities. Shipping does not require the company to keep goods in stock; Instead, the company sells the product and then forwards the order to a 3PL (Third Party Logistics) supplier who delivers the order to the customer.
This method works well for items that are wholesale or that are not easy to store in warehouses. Shipping allows companies to save on operating costs and make the best possible use of storage space without requiring an investment in inventory and protects companies from product overload.
Avoiding overcrowding creates more room for higher-margin best-selling products.