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3 Inventory Management Techniques That Reduce Supply Chain Costs

Cutting supply chain costs can greatly improve how well your inventory management processes are able to fulfill customer expectations. That's an important focus in the retail industry. Retailers don't want their money tied up in excess inventory, but at the same time, they need enough inventory on hand to meet customer demand. To that end, retailers need an efficient supply chain. Investing in retail ERP solutions that reduce supply chain costs can help retailers maximize profits and identify ideal replenishment levels, while avoiding high carrying costs and stock-outs.

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