Inventory Management Mind Map

10 Basic Steps in Retail Inventory Management
Create a Centralized Record of All Products
Identify Stock Location
Do Regular and Accurate Stock Counts
Combine Sales Data With Inventory Data to Simplify Reporting
Create a Purchasing Process
Establish a Process for Markdowns and Promotions
Create a Stock Receiving Procedure
Create a Procedure for Returns
Determine a Dead Stock Procedure
Pick Your Inventory KPIs
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