How can technology improve inventory management?
Technology can enhance inventory management through automation, real-time tracking, and data analytics.
What specific technologies are commonly used?
Common technologies include RFID, barcode scanning, inventory management software, and IoT devices.
How does real-time tracking work?
Real-time tracking uses sensors and software to monitor inventory levels and locations instantly.
What are the benefits of using AI in inventory management?
AI can predict demand, optimize stock levels, and reduce human error, leading to cost savings.
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