There is an entire industry that has mastered the concept of inventory management. At any time of day or night, they can tell you the value of their inventory, ‘to the penny’. They can tell you where it’s located, when they got it, and who they got it from. Can you guess which industry this is?
Here are some additional clues:
- This industry generally has multiple locations where they manage the inventory.
- The persons responsible for keeping the inventory count have, on average, less than a high school education
- The persons responsible for keeping the inventory, on average, stay less than one year at their position
- The industry is widely known and widely used. You, yourself, likely have interacted with their inventory several times just this week.