| Publisher | POSnet | ||
|---|---|---|---|
| Format | HTML | Date added | 04 May 2006 |
| Topics | Warehouse Inventory Management, Sales - Marketing | ||
| Downloads | 49 | ||
According to the accounting and consulting firm, Price Waterhouse Coopers, the average retailer spends 2% of their revenues on information technology per year. It is also estimated that, on average, the IT investment should yield 5 times the investment in greater annual profits (increased revenues and reduced costs). Better inventory control with computerized systems means significant reductions due to theft and shrinkage. When the employees know that the inventory is being monitored loss due to theft dramatically decreases. As a matter of fact, the employees become more likely to help monitor the inventory and further reduce what had previously been unexplained inventory losses. Better inventory control lets know which products are selling the most and which yield the greatest profits.
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