Parts Connection October 2024 | Page 10

Inventory Management Is An Absolute Necessity

Keep the Lifeblood Flowing

By Steve Sniff

Likely, none of us remember the“ good ol’ days” when inventory management meant sharpening your pencil, counting your goods and putting notations in your ledger while erasing and making changes to numbers that were a little off. Since those days, we’ ve had the Industrial

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Revolution, the Information Age, the Computer Era and the advent of Artificial Intelligence( AI). All of those epochs made business more productive and, at the same time, erased all memories of“ simpler times.”
However, inventory management continues to be one of the most important facets