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Managing the complexities of warehouse inventory

At its core, inventory management sounds straightforward enough: order products, store them somewhere, sell them to your customers and restock them as needed. Peel back the layers though and you’ll see that inventory management is anything but simple. As expectations change and consumers and business customers alike expect accurate, expedient deliveries within a day or two - companies are turning to technology such as enterprise resource planning (ERP) platforms to automate activities like demand forecasting, order placement, stockout alerts, goods tracking and replenishment.