Data Blogs and Articles | Utopia Global

UtopiaLIVE - Cost Cutting Optimizations With Streamlined Processes | Utopia Global

Written by Utopia Marketing | Jul 1, 2020 9:22:00 PM

A recent study found that nearly 20% of all inventory shrinkage can be attributed to administrative and data error. Utopia allows you to achieve up to 20% reduction in inventory carrying costs by removing duplicates and standardizing descriptions, resulting in reduced risk of ordering unneeded and incorrect articles. We also enable up to 40% reduction in operating expenses for article creation and maintenance. This is achieved by automating and streamlining the article creation and maintenance processes with complete and reliable information on articles created, ordered, delivered and sold.