Effective inventory management is crucial for businesses to operate efficiently, saving money, optimizing storage space, and preparing for changing consumer markets.
It also plays a significant role in sustainability by minimizing unused products and reducing carbon emissions through supply chains and storage operations.
Proper inventory management helps avoid overordering and overstocking, which lead to wasteful uses of resources such as energy and water.
Managing inventory properly can minimize the amount of unused product that is destined as waste to become a contributor to global warming.
Author's summary: Master inventory management for efficiency and sustainability.