Technology
In today's episode, we will discuss the importance of automating retail business processes in order to reduce Inventory shortages. Inventory shortages usually occur when there are fewer items in stock or in your retail store than indicated on your records. It can be a nightmare for retail businesses, leading to dissatisfied customers, lost sales, and damaged reputations.
As a result, many retailers are looking for automation technologies and platforms to reduce the strain of inventory gaps. Businesses that implement intelligent automation in their supply chain operations can achieve up to a 40% reduction in inventory levels, leading to fewer shortages and improved efficiency.
With the advent of business process automation (BPA) solution, retailers can now address this challenge head-on and streamline inventory management processes.