Inventory is one of the most critical assets in a business, and therefore an effective inventory management system is one of the most fundamental business management tools in a business organization. Undoubtedly, managing inventory doesn’t merely include classifying the lists of items according to their perspective usage, but also, it involves making specific provisions to prevent the undesirable inventory loss. Usually, these losses occur due to following reasons: Shoplifting Employee theft Administrative error, e.g. –… Read More