There have been a wide assortment of changes to commerce and business’ plans thanks to the COVID-19 pandemic. Like a football team audibling at the line of scrimmage when the defense lines up in a blitz formation they’ve never seen, companies have been forced to alter plans and reimagine operations as they stem the tide from the coronavirus.
The COVID-19 pandemic has caused many businesses to think about opening safety stock inventories or opening additional inventories to keep products close to key markets and to help key customers with splitting inventories. Here’s why opening stock inventories could be a beneficial addition to your business plan:
How Stock Inventories Can Help
1) They help improve customer service by preventing interruptions in the supply chain. They also ensure workers are able to efficiently fulfill orders.
2) When something goes awry in the supply chain (such as an unforeseen global pandemic), you’ll have a safety stock in place to make sure you’re able to continue operations properly and fulfill customer orders.
3) If there is way more demand for an item than expected (think hand sanitizer in March), you won’t have to worry about missing out on sales since you’ll have a safety stock inventory in place and will be able to provide your customers with the items they need.
Perhaps above all else, safety stock inventories keeps your customers happy, which is the not-so-secret recipe of running a successful business.
If you’re interested in having safety stock inventories, Affiliated Warehouse Companies is here to help. We have reputable dry, A/C, freezer and cooler and Hazmat warehouse options all across North America, including options in the United States, Canada and Mexico. We have over 67 years of warehouse industry experience, and we can provide you with a FREE quote!