Inventory management for a retail outlet is a crucial aspect that needs utmost focus these days, where selling across multiple channels has captured the purchasing culture. Stock outs, stock audits, over stocking, expiry/ offers/ discounts accountability, supply chain issues are to be precisely handled. With frequently changing Customers' purchasing behavior its not just the data but the insights that would help in arriving smart decisions. Integrating all inventory-related data and transforming them into actionable insights, curbs attrition of loyal customers and this could be well achieved with cloud ERP.
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