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Inventory Management

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Any company that sells physical products needs good inventory management. It’s an essential part of running a smooth business.  In this article, we’ll go over what inventory management is, why it’s important, its benefits, and the different types of inventory management systems. Let’s get started! What Is Inventory Management? Before we can define inventory management, we need to understand what inventory is. Inventory (aka stock) refers to all the goods, merchandise, and materials a business…