Navigating the Crucial Challenge: The Role of Inventory Management in Business Success and Failure
To be or Not to Be.
What is a necessary part of most businesses and also the major cause of business failure?
Inventory management
Inventory can be difficult to predict and manage.
Demand for products can fluctuate, and it can be challenging to forecast future demand.
Additionally, issues such as
– theft,
– damage, and
– expiration
can further complicate inventory management and lead to losses.
Businesses need to have systems in place to manage their inventory. This will help them avoid these issues and cut the risk of failure.