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1 minute read
'To be, or not to be’ is a famous phrase from William Shakespeare’s Hamlet, but the same question can be asked of the world of inventory management. To stock inventory or print on-demand, that IS the question.
It is a complex issue that needs to be addressed by brand managers and CMOs alike in order to make informed decisions about their product lines. Let us explore the pros and cons of each method so you can decide which one best suits your business needs.
The Pros and Cons of Stocking Inventory
Stocking inventory is an efficient way for businesses to store products in bulk and have them ready for immediate sale when needed.
Businesses who choose this option benefit from having access to large quantities of products at any given time without having to worry about running out of stock too quickly. However, stocking inventory also has its drawbacks. It can take up significant space in warehouses and storage facilities which can add to overhead costs. Additionally, there are risks associated with stocking inventory such as potential losses due to damaged goods or outdated products.
The Pros and Cons of Printing On-Demand
Printing on-demand offers businesses the ability to produce products only when they are needed, thereby reducing overhead costs associated with storing large quantities of products in warehouses and storage facilities.
Additionally, it allows businesses to respond quickly to customer demands since they don’t have to wait for new items to arrive from elsewhere before selling them. The downside is that printing on-demand requires more resources than stocking inventory due to its labor-intensive nature and could potentially lead to higher production costs if not done correctly. Additionally, orders may take longer if production is running behind schedule which could result in dissatisfied customers waiting for their orders longer than expected.
Conclusion
When it comes down to it, deciding whether you should stock inventory or print on-demand depends on your business needs and goals as well as the resources available at your disposal.
Both methods have their pros and cons so it’s important that brand managers and CMOs carefully weigh the options before making a decision. Ultimately, whichever option you choose should help move your business forward while still providing quality service that meets customer expectations.
