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Inventory-management systems are used to track sales and inventory using different forms of technology to create a cohesive analysis report. These systems communicate in real time with vendors, merchants and suppliers re... More »

Some advantages of inventory management include ensuring that a business does not spend money on unnecessary product orders and tracking which products are selling and which are not. Some disadvantages are that it can be... More »

Inventory management helps make a business more profitable by reducing the cost of goods sold and increasing the sales. It helps increase speed, accuracy, accountability and mobility in all the operations and processes w... More »

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Inventory management is important for keeping inventory numbers stable as well as determining and controlling the levels of stock needed for optimal profit. Good inventory management involves having enough inventory on h... More »