Good inventory management is essential to running a successful business. But stats suggest this is an area that many retailers are struggling to get a good grasp on: Good inventory management is essential to running a successful business. But stats suggest this is an area that many retailers are struggling to get a good grasp on: 34% of businesses have shipped an order late due to accidentally selling a product that was not in stock. Global inventory distortion (shrinkage, stockouts, and overstock) costs businesses an estimated $1.1 trillion annually The demand for inventory management software has doubled over the past The post The 12 Inventory KPIs That Matter Most in Retail appeared first on Vend Retail Blog