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Showing posts from January, 2019

Income improving inventory management ; The importance and advantages of inventory management.

 "The world revolves around the inventory of the Universe"  

It is being said that the best business houses are run by the best inventory management.   Much of the business profit depends on the inventory we maintain. According to statistics,  in the present business scenario,  Inventory Management and optimization have become the leading profit contributors.

It is of general opinion among the business community that inventory management is nothing other than maintaining the numbers of incoming stock and outgoing stock.  43% of the retailers say that the biggest and  No.1 challenge they face in their day to day business affairs is the inventory management. Even though we are concerned here with the inventory maintenance of finished products ready for market sales, there are many more important benefits we shall be deriving out of by maintaining a good inventory.

Let us list out the benefit we drive out of maintaining a well-managed inventory.
Historical data at hand - By goin…