Management and control of inventory is one of the most critical success factors in retailing. Inventory is also the retailer's largest single physical asset. But the cost of carrying inventory can be a burdensome drain on the earnings of the company. That said, the ultimate goal of retailing is to have the goods on hand when the customer is making a purchasing decision. Therefore, achieving the balance between meeting customer needs and maintaining a lean inventory is what distinguishes successful retailers from the pack.
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