I saw a statistic this week that made me stop in my tracks. The article I read said that if manufacturers reduced inventory mistakes by just 4%, they could gain over $400,000 annually in each warehouse location.
I mean, think about it. How much are you losing to inventory mistakes?
Syspro puts a value to each inventory mistake of $50 to $500 per mistake. If you assume that one employee makes just 10 mistakes a day, that’s $500 to $5,000 per day.
Picture this: A promising potential customer requests a quote, and your team scrambles to prepare it before they go with your competitor. Someone's hunting through old spreadsheets, another person is waiting for procurement to answer their emails, and meanwhile, you're cobbling together numbers from a quote you did six months ago. Sound familiar?
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