In general, Inventory management is how you can make sure your customers can spend as much money as possible at your company. This means keeping products available for sale, offering customers the products they want to buy, and not keeping unnecessary overstock, all at the same time.
Today’s world of retail is becoming ever more demanding. With the number of items on sale in e-shops increasing and profit margins decreasing simultaneously, retail owners find it ever more challenging to make a living.
Inventory management is a field of supply chain management, and as such, it belongs to the most complicated tasks of humanity.