Inventory Products are items that a business purchases and holds in stock to use in the production of goods or services they provide. These products are typically bought in bulk and held in storage, often with a fixed inventory cycle such as monthly or quarterly, to achieve greater cost savings. The goal is to maintain enough of these on hand to meet customer needs without over-stocking or under-stocking, while carefully monitoring prices, supply channels, and changing patterns of demand. Storing Inventory Products efficiently can help businesses reduce costs, improve customer service, and increase profitability.
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