What are the consequences of stockouts?

Inventory stock-out may seem trivial, but it can drastically impact your business:

• In the long run, inventory stock-out can taint your brand image.
• Inventory stock-out lessens customer satisfaction.
• You may also need your employees to work extra hours and buy raw materials on short notice. Both can accelerate your operational costs exponentially.
• Lastly, inventory stock-out can cost your brand valuable revenue.