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Best Practices | Statistics |
---|---|
Implementing Inventory Management Software | 80% of companies see an improvement in inventory accuracy after implementing software. |
Regular Inventory Audits | Companies that conduct regular audits have 25% less inventory shrinkage. |
Optimizing Warehouse Layout | Improving layout can reduce travel time by up to 30%. |
Implementing Lean Inventory Practices | Lean practices can reduce inventory levels by 20-30%. |
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Source: Data compiled from industry reports and studies.