According to Chain Store Age, one of the key factors to have successful store operations is having a strong inventory management plan. Because you’re able to have visibility into what’s available for customer demand and what is lacking in supply, you can better serve the consumers who make the trek to your store. Customer satisfaction is a major aspect of getting return buyers, so it’s important to make sure you’re meeting their needs as soon as they enter.
Proper inventory management not only helps with customer satisfaction, but it also can help keep costs down. According to Shopify, if you have a better picture of what you have in your backroom, you’re able to make more accurate orders because you have a sense of what is moving fast through the store and what you should order less of.
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