Stock management is the most important thing that should be in mind of every retailer. The excess or lack of inventory may cause issues of money for the firm. if the stock is purchased in excess without any demand then it will be a wastage of money as this will also cost the storage and maintenance of stock. On the other hand lack of stock will disappoint customers as if the ordered item is not in the stock then it will affect the shipment time. The system of stock control should be up to date and well managed. Stop restocking too early and implement an intelligent Inventory control system to improve your inventory.
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