What are the best practices for inventory management?
Some best practices include maintaining accurate records, using inventory management software, and conducting regular audits.
How can I reduce excess inventory?
You can reduce excess inventory by analyzing sales trends, implementing just-in-time inventory, and offering promotions.
What software do you recommend for inventory management?
I recommend software like TradeGecko, Zoho Inventory, or Fishbowl for effective inventory management.
How often should I conduct inventory audits?
It's best to conduct inventory audits at least once a year, but quarterly audits are ideal for larger operations.
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