What is Retail Inventory Management

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Retail inventory management ensures retailers carry enough stock on hand to meet demand–when and where customers want to purchase it–while also minimizing excess stock. Retailers who rely on manual processes for inventory management often run the risk of inaccurate inventory counts and challenges selling across multiple channels, which could impact customer happiness and cut into profits. On the other hand, an inventory management system provides a single view into inventory in real time, across the entire business, so retailers optimize inventory and fulfillment. Effective inventory management decreases costs, increases profitability and improves the customer experience.

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