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Product Inventory Management

oboloo Glossary

Product Inventory Management

Product inventory management is an essential part of any business’s success. It is the practice of tracking and managing items from the moment they enter the warehouse, to the time they are sold to customers. This process ensures that businesses have the right products, in the right amounts, at the right times, so they can keep up with customer demands and remain competitive. With a successful product inventory management system, businesses can accurately track their stock levels and update them as needed, allowing them to avoid shortages or excess inventory that could hurt profits. Inventory management also helps companies maximize their profits by properly evaluating costs and monitoring inventory trends throughout the year.

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