Optimising Inventory Management for Field Service Businesses: The Role of FSM and Key Performance Indicators
Introduction: Plumbing, HVAC, pest control and electrical services, for example, rely heavily on inventory to complete their tasks. These businesses cannot complete their work or meet the needs of their customers unless they have the proper parts and materials. As a result, effective inventory management is critical for ensuring that field service businesses can operate efficiently and meet customer demands. In this blog post, we will discuss the importance of inventory management for field service businesses, the benefits of effective inventory management, and some best practices for inventory management. What is Inventory Management? Inventory management is the process of monitoring, controlling, and optimising the inventory of a business. This includes inventory ordering, storage, and tracking, as well as inventory data analysis to inform decision-making.Inventory management is critical for all types of businesses because it allows them to control costs, improve efficien...