Understanding the Root of the Inventory Discrepancy

Bill Gates, upon discussing automation, stated that implementing technologies in an efficient process would magnify the efficiency. Similarly, implementing technologies in an inefficient process would also magnify the inefficiency. This is the old concept of “garbage in, garbage out.” Consequently, before implementing and investing in technology such as a point of sale system, storeowners should understand the business process involving the management and administration of their inventory.

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