Retail inventory management is the practice of overseeing and managing the sales and availability of merchandise in multiple retail locations. It requires careful planning and balancing of stock, making sure there are adequate levels of inventory to provide customers with enough choices while ensuring that overstocking doesn’t lead to excess waste. With effective retail inventory management, businesses can ensure that stores have the perfect amount of merchandise on hand at any given time – maximizing sales, minimizing costs, and providing an optimal customer experience.