Take the Inventory Assessment
See where your inventory operations stand today—and uncover the biggest opportunities to improve.
Your company's cost of decreased worker productivity due to inaccurate inventory
$62
/ Daily
$13,649
Annually
How we got there: When inventory accuracy is low, workers spend more time searching for misplaced or missing items. Assuming an hourly rate of $15.51 for each picker (the U.S. national average) results in the above daily and annual costs of that increased search time. Note: this does not include benefit costs, so your actual costs are likely higher.
Incorrect Picking
Your company's cost of correcting incorrectly picked orders
$39
/ Daily
$8,530
Annually
Lost Sales
Your company's cost of lost sales due to inaccurate inventory
$1,000
/ Daily
$220,000
Annually
Inventory Carrying Cost
Your company's annual inventory carrying cost
$4,545
/ Daily
$1,000,000
Annually
Take the Inventory Assessment
See where your inventory operations stand today—and uncover the biggest opportunities to improve.
Your Results
With an inventory accuracy of 90%, we estimate your company could be spending up to $3.2M extra per year due to decreased productivity, picking errors, lost sales, and unnecessary carrying costs.
Best-in-class distribution companies typically run at 99% inventory accuracy. By increasing inventory accuracy to 99%, your company could save at least $1.4M per year.
