Inventory insight is crucial in the manufacturing and retail industries. For a manufacturer, it is imperative to keep the production lines running. To do so, it’s critical to have all the right raw materials available for the product that’s scheduled to run. Production will stop if you’re missing or run out of even one ingredient, such as a spice. Having accurate inventory also helps you avoid inventory write-off, ensuring that aging inventory is addressed before expiration or obsolescence, and saves you space and money. There are seven keys to success that can help businesses manage their inventories successfully.