Retailers hate dealing with inventory. In fact, more than $1.7 trillion dollars is lost annually due to mismanaging inventory in the retail world. But, keeping tracking of inventory for an ecommerce business can be very difficult for small retailers. Not having enough products in stock means you could lose out on sales. Having too many products means you could be wasting money in warehouse fees. That is why we’ve put together all these inventory tips to help you get your head around the supply chain process.
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