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The Inventory Cycle
Why Bother?
There is a direct correlation between your profitability and your confidence in the accuracy of your inventory. Maintaining an accurate inventory and following best practices ensures the following:
Profitability
- sell products with confidence that you have the correct cost/retail price information.
Customer Satisfaction
- ensure the right products are in stock to meet customer demand.
Inventory Accuracy
- Have the immediate knowledge of the location and on hand information for items to help customers more efficiently.
Efficiency
- prevent over-stocking and under-stocking. Align purchasing with store needs
