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Company Inventory

oboloo Glossary

Company Inventory

Company Inventory is an often overlooked but essential business asset – it’s a list of all the goods, materials, and components owned by a company. This inventory is used to track stock levels and availability, as well as enable forecasting of future demand. Proper management of inventory helps companies maximize profits while avoiding costly overstocking or understocking. It also provides insights into suppliers and warehousing needs, so that businesses can run smooth operationally and identify potential problems before they arise. Investing in efficient inventory management systems can help improve efficiency, reduce costs and increase customer satisfaction.

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