Accurate inventory management is crucial to running a successful business because it directly impacts a company’s bottom line and is key to maximizing profits. Having an accurate handle on inventory enables a business to become more resilient and know what they can sell and when they can sell it, helping mitigate out-of-stock scenarios. At one point, inventory management was a meticulous, lengthy and manual process for the Independent Purchasing Cooperative (IPC), an independent member-owned, managed and governed cooperative of North American Subway franchisees, which is responsible for approximately 24,000 Subway restaurants. “Conducting inventory would take two to three hours per […]