Question

Why is it important to project inventory level in the warehouse and how is it accomplished

Answer 1

Warehouse is quite an integral aspect of product based organizations because the organizations need to maintain a certain level of inventory in order to get rid of issues like stock out of on demand items and also over stocking of items that are not in demand. This will ensure that the supply demand ratio are in sync in order to ensure proper and effective way of performance by the organization. This needs to be accomplished by effective forecasting of demands monthly, weekly and even annually as well and forecasting is the source that the organization needs to consider as a reference although some percentage of deviation is expected from forecasting.