Inventory Management encompasses the systematic control of stock, following its journey from warehouse to customer. This crucial business function stands out for optimizing inventory levels, enhancing supply chain efficiency, and minimizing costs. By tracking stock accurately, companies can meet consumer demands promptly, thereby boosting customer satisfaction. Challenges include managing demand fluctuations and avoiding overstocking. Emerging trends like AI-driven analytics and real-time tracking redefine inventory strategies. Understanding Inventory Management is essential for thriving in today's fast-paced market.
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