Managing inventory levels is the practice of maintaining and optimizing a store’s stock to ensure maximum profitability for the business. This includes tracking incoming and outgoing goods, setting reorder points and ensuring timely delivery of new items. It also involves predicting future demand and ensuring that the right quantities of a product are kept in stock. Proper management of inventory levels ensures that businesses always have a wide variety of products available for customers and can keep up with increasing demand as it arises.