What are the consequences of stockouts?
Asked a year ago
Hello! I have recently experienced a stock out in my Shopify store, and as far as I know, this means that I have lost revenue. Are there any other consequences that this stock out creates? Thank you in advance.
Monday, November 14, 2022
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.
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