Lagging indicators are death to sales
Most ERP systems can give you a lagging indicator of something that went wrong:
Do you have any idea what your fill rate is?
Most companies have some kind of anecdotal information about their fill rate. They will say something like "at least 80% of the time my customers come to buy, we can fulfil their order."
Inventory risks affecting your business
As the manager or owner of a business focused on providing customers with a high level of service while targeting a specific inventory value or stock turn, you will most likely have experienced the frustrations and difficulties in achieving the...