Stockouts present a unique and expensive obstacle for businesses; leading to the potential loss of short-term revenue and customer lifetime value. Fortunately, even smaller businesses operating within thin margins are not completely without recourse.
Stockouts can, however, be reduced — if not prevented — although the related inventory management issues are tricky to navigate. Here’s a detailed discussion of stockouts, including their causes and key ways to mitigate them.
To fully understand Inventory Management and Stockout prevention be sure to read the full NetSuite article here: