Question

3.Why the Inventory management is so important in retail sector?​

Answer 1

There are many reasons why keeping an inventory is necessary. With the modern day retail industry booming and ecommerce penetrating into the market, it is very important for a retailer to not delay the product availability. ... Inventory helps manage the time to delivery by always having a ready stock of products.

Answer 2

Answer:

Inventory Management is an important thing to be considered in the business world, especially retail business. ... If the inventory of goods is too much, of course the funds spent are also large, the increment of some costs (store operating costs, storage costs, etc.) including increased risk of damage to goods.