Inventory management is a crucial business function that involves overseeing the flow of goods from manufacturers to warehouses and from these facilities to point of sale. Effective inventory management ensures that a company maintains the right balance of stock to meet customer demand while minimizing costs and maximizing efficiency.

Inventory Management

Inventory management

business function

flow of goods

manufacturers

warehouses

A Point of Sale (POS) system is a crucial component in the retail and hospitality industries, facilitating transactions between businesses and customers. It not only processes sales but also integrates inventory management, customer relationship management, and sales reporting, enhancing operational efficiency and customer service.

point of sale

Effective inventory management

balance of stock

Customer demand refers to the quantity of a product or service that consumers are willing and able to purchase at a given price over a specific period. It is influenced by factors such as price, consumer preferences, income levels, and external economic conditions, and plays a crucial role in shaping market dynamics and business strategies.

customer demand

minimizing costs

maximizing efficiency

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SOP လမ်းညွှန်ခြင်း၏အခြေခံမူများ

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