In 2021, consumer-facing manufacturers are getting rid of the middlemen. Big brands across the country are pivoting to Direct-to-Consumer (D2C) business practices. What started as a trend has quickly transformed into an essential business practice. In fact, 81 percent of consumers plan to shop from direct-to-consumer (D2C) companies over the next five years. Big brands across the board, from Kellogg’s to Coca-Cola, have gotten into the game and are proving how successful this model can be.
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Inventory deserves its role as one of the most vital strategic factors for any manufacturing and distribution company's operations due to one simple fact: The number of products you plan to sell will be a substantial investment of company money, and you need to manage that investment closely. In this blog, we detail 4 effective strategies that you can utilize to manage your inventory in an efficient and profitable way.
