Effective inventory management starts with thoughtful organisation. By creating clear product categories, you enable your team to quickly locate items, improving overall efficiency and accuracy. Divide your inventory into categories based on product type, size, or other relevant characteristics. For instance, a clothing retailer might categorise products by type (shirts, trousers, dresses), size, and colour. This structured categorisation will enhance workflow and simplify restocking and reporting. It also makes analysing stock data, identifying trends, and pinpointing best-sellers much easier.
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