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Leak detection, also known as leak analysis or inventory management, is a critical process in managing stock and inventory. It involves identifying and addressing potential leaks or discrepancies in the supply chain, ensuring that products are delivered to customers on time.
Without proper leak detection, businesses can face severe consequences, including lost revenue, damaged reputations, and financial losses. Leak detection helps organizations anticipate and respond to potential issues, reducing the risk of costly mistakes.
Leak detection typically involves a combination of data analysis, manual inspection, and advanced technologies such as sensors and IoT devices. The process may involve monitoring stock levels, tracking delivery routes, and analyzing transaction history to identify potential leaks.
To ensure effective leak detection, businesses should implement the following best practices: