Activity 5 by https://padlet.com/jos_icl/vqg9p2zhcm0t State FIVE cost implications of poor inventory management en-us 2017-02-13 00:26:00 UTC 2017-02-13 00:31:02 UTC hello@padlet.com jos_icl https://padlet.com/jos_icl/vqg9p2zhcm0t/wish/153319149 1.       Poor product range – the business cannot supply what the customer expects and wants. This costs money through missed sales and lost customers.

]]> 2017-02-13 00:28:39 UTC https://padlet.com/jos_icl/vqg9p2zhcm0t/wish/153319149 2. Poor planning of stock management, having inadequate dispensary stock supplies can impact on patient safety because the patient does not receive medication they need or expired stock is dispensed. Poor stock management is also costly to the business and creates the added risks of too much stock that may soil over time. jos_icl https://padlet.com/jos_icl/vqg9p2zhcm0t/wish/153319179 2017-02-13 00:29:07 UTC https://padlet.com/jos_icl/vqg9p2zhcm0t/wish/153319179 3. Theft of inventory due to poor customer service or poor monitoring of suspicious customers – complete loss to the business jos_icl https://padlet.com/jos_icl/vqg9p2zhcm0t/wish/153319207 2017-02-13 00:29:34 UTC https://padlet.com/jos_icl/vqg9p2zhcm0t/wish/153319207 jos_icl https://padlet.com/jos_icl/vqg9p2zhcm0t/wish/153319238 4.       Manufactures unable to supply stock due to heavy demand or lack or raw materials.  Customers go elsewhere to find the stock and you lose that customer. (This is not poor inventory management, however the outcome for the store still could be loss of customers/money)

]]> 2017-02-13 00:30:05 UTC https://padlet.com/jos_icl/vqg9p2zhcm0t/wish/153319238 5. Choosing stock that does not sell, especially expensive stock items not selling, if they stay in the store and not sell, business loses money. jos_icl https://padlet.com/jos_icl/vqg9p2zhcm0t/wish/153319277 2017-02-13 00:30:38 UTC https://padlet.com/jos_icl/vqg9p2zhcm0t/wish/153319277