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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