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Supply chains are an integral component of a business. They are a pathway to augmenting sales, stabilizing costs as well as maintaining business streamlining.
The sales and costs, however, fall under the unregulated realms of business management, but streamlining is one process that remains under your control. Therefore, in order to run a successful business, Trukkin has suggested a few ways to curb errors and discrepancies within your supply chains.
As previously stated, not all business parameters are under your control, but streamlining is. And one of the essential aspects of streamlining is dealing with supply chain discrepancies.
Supply chain discrepancies like:
It could cost you between 120 dollars to 150 dollars per consignment. On average inventory, discrepancies could result in the loss of millions. Hence, preventing them and containing them becomes crucial.
So, here are a few ways by which you can prevent such discrepancies and, in turn, the losses that you experience because of them.
Inventory miscalculations are a regular nuisance in the supply chain management structures. Miscalculations in inventory can result in pricing inaccuracies and transaction fallacies.
Recording every stock movement can help you optimize your business plan. Counting stocks correctly is the best way to keep track of them.
Keeping track of the location of your stocks through a spreadsheet can help you find them easily in case of misplacement.
If you are looking for a reliable logistics service in Dubai, contact Trukkin.