Not properly managing inventory can lead to a variety of negative consequences. These can include overstocking or understocking of items, which can lead to wasted resources or missed sales opportunities. It can also lead to inefficiencies in the supply chain, as well as increased costs due to rush orders or excess storage. Additionally, poor inventory management can lead to poor customer service, as customers may not be able to get the products they want when they want them.
Need a spreadsheet to manage incoming and outgoing inventory? Our Inventory Management spreadsheet t...
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