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5 Most Common Challenges
and
the ultimate solution for
Inventory Management System
Manual tracking can lead to
errors beyond our control
Inconsistent Tracking
01
Reported by AssetPanda: A study conducted by The Tuck Business School at Dartmouth College found that some 15 workbooks
for a local business had a total of 117 errors which resulted in a total loss of about $4 million to $110 million approximately.
45
%
55
%
02
Forbes: According to a survey by Gartner, "the quality of poor data is responsible for the loss of $15 million annually". Gartner
also found that about 60% of those companies didn't even know how much bad data was costing their businesses.
Inaccurate Data
Supply chain becomes compromised
as quantity and physically availability
of items don’t match
03
According to dummies: Inefficiencies of Processes cost many organizations as much as 20- 30 percent of their revenue each year.
Inefficient Processes
As business grows managing the
inventory becomes complex and
processes more complicated
04
Inadequate Software
The lack of integration with your
existing business process platforms
makes life difficult as there is no
automation
TechRepublic: In a recent report revealed that, Inadequate Software affected 3.6 billion people, and caused $1.7 trillion in
financial losses and a cumulative total of 268 years of downtime.
05
Altametrics: According to a survey, Case studies have found that while it costs businesses an estimated $1 to manually verify
data accuracy as it is entered, it costs businesses an estimated $10 to correct data when it is in batch form.
Manual Documentation
Managing inventory with paperwork
and manual processes is tedious and
not secure at all
Challenge
Managing Inventory
Solution
Inventory Management System
ClanVent can enable your business management potentials to a maximum
Learn More: https://itclanbd.com/clanvent
Why ClanVent?
ClanVent is an Inventory
Management System that allows
you to manage your inventory in a
more efficient way and maximize
on the business potentials.
ClanVent
Inventory Management System
CREDITS: This presentation template was created
by Slidesgo, including icons by Flaticon, and
infographics & images by Freepik.
THANKS!
Do you have any questions?
info@itclanbd.com
+880 1301 055 093
https://itclanbd.com

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5 Most Common Challenges and the ultimate solution for Inventory Management System

  • 1. 5 Most Common Challenges and the ultimate solution for Inventory Management System
  • 2. Manual tracking can lead to errors beyond our control Inconsistent Tracking 01 Reported by AssetPanda: A study conducted by The Tuck Business School at Dartmouth College found that some 15 workbooks for a local business had a total of 117 errors which resulted in a total loss of about $4 million to $110 million approximately.
  • 3. 45 % 55 % 02 Forbes: According to a survey by Gartner, "the quality of poor data is responsible for the loss of $15 million annually". Gartner also found that about 60% of those companies didn't even know how much bad data was costing their businesses. Inaccurate Data Supply chain becomes compromised as quantity and physically availability of items don’t match
  • 4. 03 According to dummies: Inefficiencies of Processes cost many organizations as much as 20- 30 percent of their revenue each year. Inefficient Processes As business grows managing the inventory becomes complex and processes more complicated
  • 5. 04 Inadequate Software The lack of integration with your existing business process platforms makes life difficult as there is no automation TechRepublic: In a recent report revealed that, Inadequate Software affected 3.6 billion people, and caused $1.7 trillion in financial losses and a cumulative total of 268 years of downtime.
  • 6. 05 Altametrics: According to a survey, Case studies have found that while it costs businesses an estimated $1 to manually verify data accuracy as it is entered, it costs businesses an estimated $10 to correct data when it is in batch form. Manual Documentation Managing inventory with paperwork and manual processes is tedious and not secure at all
  • 7. Challenge Managing Inventory Solution Inventory Management System ClanVent can enable your business management potentials to a maximum Learn More: https://itclanbd.com/clanvent
  • 8. Why ClanVent? ClanVent is an Inventory Management System that allows you to manage your inventory in a more efficient way and maximize on the business potentials. ClanVent Inventory Management System
  • 9. CREDITS: This presentation template was created by Slidesgo, including icons by Flaticon, and infographics & images by Freepik. THANKS! Do you have any questions? info@itclanbd.com +880 1301 055 093 https://itclanbd.com