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Successful retailing boils down to profitable inventory turn, and the best way to improve profitability and turn is to forget everything they thought that they knew about the mundane exercise/discipline/system known as "Inventory management" and freshen up their approach. Maintaining accurate inventory is at the heart of retailing. An accurate, real-time view of inventory is a key to meeting planned sales goals, preserving margins, and meeting the expectations of the customers - all imperatives for running a healthy retail business.
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