Inventory Management Best Practices for Small Businesses
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  • Reads 1
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  • Parts 1
  • Time <5 mins
Ongoing, First published Mar 04, 2023
Effective stock management can be challenging for many businesses. Other than preventing a company from forecasting its sales and inventory needs, ineffective inventory management can cause lost sales, stockouts and backorders. Furthermore, it can lead to increased costs in warehousing, shipping and handling, and employee overtime costs for managing inventory.
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