5.3 Software in inventory management
By implementing software that automatically calculates EOQ-optimised orders, storage and transport costs can be reduced substantially.
In one documented case, the average days of inventory outstanding fell from five days to 3.2 days over six months following the introduction of an automated ordering system, reducing the capital tied up in the operation and lowering the risk of yield loss.
Here is a example of software
How much does each food concept need to earn to profit $100K