As a retail store owner, you should be aware of which item moves faster and real time status of in-store stocks. Inventory management, as it is called, is an important tool which helps the businesses to plan their strategy on day-to-day basis.
Manual inventory entries may lead to unforeseen errors and duplication of purchases of goods already exist in go-downs or stores and hence loss of revenues. Botched inventory management is nightmare for any business and no trader would appreciate it in his or her store, particularly if it means the loss of revenue and customers for them.
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