Maintaining an inventory requires time. Very often, the lack of data centralization and consolidation makes the work less efficient and more time consuming. The inventory management encompasses various activities such as the tool management, business process management and workflow monitoring. All these tasks are dependent on the quality of data managed. Integrity, details or completeness of data are essential to gain time in inventory management.
Consequently, AOTMP* research estimating the time saved by having an accurate inventory produces the following results:
*Source AOTMP – http://www.aotmp.com/research/publications.aspx
Have you estimated the time you spend on maintaining your inventory?