Final answer:
Stock levels are monitored on the LIMS system for inventory management, order fulfillment, and reporting and analysis purposes.
Step-by-step explanation:
Stock levels are monitored on the LIMS system for several reasons:
Inventory management: The LIMS system helps to track the quantity and availability of stocks, ensuring that the right amount of stock is maintained at all times. This is crucial for businesses to avoid stockouts or overstocking, which can lead to financial losses.
Order fulfillment: By monitoring stock levels on the LIMS system, businesses can accurately predict when to reorder items and avoid delays in order fulfillment. This improves customer satisfaction and helps maintain a smooth supply chain.
Reporting and analysis: The LIMS system provides valuable data on stock levels, such as trends, patterns, and sales performance. This information can be used for strategic decision-making, forecasting, and inventory optimization.