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Inventory can be a company’s most important asset.Inventory management, a critical element of the supply chain, is the tracking of inventory from manufacturers to warehouses and from these facilities to a point of sale. The goal of inventory management is to have the right products in the right place at the right time. This requires inventory visibility — knowing when to order, how much to order and where to store stock.
At TXTK in Dubai, we can help you with inventory management, inventory verification at well-organized intervals. Inventory verification includes amongst different things applicable marking of physically verified stocks, identification of broken and slow-moving or obsolete things. Businesses that manage inventory must rely on generally accepted principles of accounting, or GAAP, to assess and plan for their stock levels.