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Inventory Stock Management

oboloo Glossary

Inventory Stock Management

Inventory stock management is the art of tracking, organizing and managing all levels of inventory within a business. It involves an ordered approach to maintaining product availability and keeping stock levels at optimal levels in order to maximize sales and profits. It helps businesses identify what to purchase, when to purchase it and how much should be ordered. Inventory stock management seeks to increase profit margins by reducing overspending and getting the most out of available resources. It’s a critical element of any retail operation and must be managed efficiently in order for a business to remain successful.

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