Avoid Costly Stock Failures
Poor inventory tracking causes capital to be locked up in slow-moving items, or lost sales due to stockouts of popular items.
Key Mistakes to Avoid
- No Safety Stock Limits: Failing to set minimum reorder thresholds.
- Decentralized Systems: Relying on separate spreadsheets across store branches.
- Skipping Audits: Failing to reconcile database balances with physical stock counts.
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