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Ask an Expert: Inventory Management

Ask an Expert: Inventory Management

Confronting inventory management can sound daunting, and when you’re sold out of your hottest item halfway through the sale, you’re not just dealing with disappointed customers, you’re dealing with lost revenue. An inaccurate inventory count can be detrimental to your business; and nearly half of small businesses either don’t track inventory at all or use a manual method!

With Revel’s inventory management you can reduce shrink and simplify your complex inventory matrixes. In this video we answer (1) what is an inventory management system? and (2) what are the best practices for managing your inventory?

Resources:

Inventory Management Guide

Revel University: Inventory Management