Inventory management has become important for the survival of the organization today. If you do not have good control over your inventory, the day is not far when you will lose control over your profits. In the last 12 months, about 81% of consumers experienced an "out-of-stock f-stock" situation, resulting in lower retailer sales and more frustration for store shoppers. Globally, retailers lost a whopping 1. 75.75 trillion due to mismanaged inventory. If you are still managing its inventory on spreadsheets or not managing it properly, your business may suffer and it is time to streamline your inventory management processes. Managing inventory can be very challenging and can be really painful when you’re in a growing business. If you're having trouble tracking your inventory and if you're having trouble optimizing your warehousing and storage facilities, you've come to the right place. Now, we will tell you why you need inventory management. Before that, let us t
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