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Top 5 Ways Business Intelligence Can Enhance Inventory Control

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Traditionally, organizations manage their inventory based on the data that they derive from their ERP software. However, this arrangement does not seem sufficient, and business intelligence has emerged as an excellent solution to manage inventory control. Earlier, it was beyond the reach of small businesses, but now the story is different with the easy availability of plenty of tools powered by BI. So, let’s learn the top five ways by which it can enhance the same. So, here we go! Boost Stock Visibility It can be tough to manage your stocks manually. You can well imagine the hardship that will involve going physically from one warehouse to the next to confirm whether a certain item is in stock or not! Embracing business intelligence can save your day by enabling real-time tracking of stocks via barcoding or radio-frequency identification (RFID). This undoubtedly improves the stock visibility.  Offers Market Insights Keeping tock of items in trend or demand can help you to improve your