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Maintaining Inventory

oboloo Glossary

Maintaining Inventory

Maintaining inventory is a fundamental business practice that involves keeping track of the items in stock in order to ensure that they are not depleted. This is important to keep a healthy cash flow and reduce operational costs as well as prevent stock shortages. It includes tracking the quantity, location, and well as condition of inventory, ordering more items when necessary, and maintaining accurate records of each item’s cost and value. The task of maintaining inventory involves staying organized and diligent to ensure a smooth running business operation.

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