Final answer:
In addition to merchandising, you should be keeping your inventory maintained as well.
Step-by-step explanation:
In addition to merchandising, you should be keeping your inventory maintained as well. Inventory refers to the goods and materials that a business holds for the purpose of selling to customers. It includes both finished goods ready for sale as well as raw materials used in production. Properly managing and maintaining inventory is crucial for a business to meet customer demand, avoid stockouts, minimize wastage, and maximize profits.
For example, a retail store needs to regularly check and update its inventory levels to ensure that popular products are always in stock and obsolete or slow-moving items are not taking up valuable shelf space. This involves activities such as regular stock counts, identifying slow-moving or dead stock, managing reorder points and safety stock levels, and implementing effective inventory control systems.
By effectively maintaining inventory, a business can achieve higher customer satisfaction, optimize its operations, and make informed decisions regarding product assortment, pricing, and promotions.