What is the significance of tracking inventory in sales?

Tracking inventory in sales is crucial for several reasons. Firstly, it helps in maintaining an optimal stock level, preventing overstocking or understocking situations. This ensures that the products are always available for customers when they want to purchase, thus improving customer satisfaction and loyalty. Secondly, it aids in accurate financial forecasting by providing insights into sales trends and product demand. This information can be used to make informed decisions about production and procurement. Lastly, inventory tracking can highlight issues in the supply chain, allowing for timely resolution and preventing potential sales loss.

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Plus, if you need a tool to track your B2C sales team, you can use this slide to compare your previous sales progress, your sales performance against quotas, and even track inventory. You can also monitor weekly sales and where your customers are buying products from across various regions.(Slide 34)

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