Plus, they avoid devoting precious warehouse space to hold those products, which cuts down on carrying costs and affords more room for faster-selling products.īy using inventory control, you are able to protect against making rash decisions and you also avoid the pain and expense that come from overstocking on inventory. This saves businesses time and money because they don’t have to spend lots of man-hours reordering and receiving goods that they don’t really need. Inventory control focuses on cutting the number of slow-selling products a company purchases while also increasing the number of high-selling products. Inventory control is the process of keeping the right number of parts and products in stock to avoid shortages, overstocks, and other costly problems.
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