As a retail store owner, stocking the correct amount of inventory is crucial. Overstocking can lead to costly excess inventory, while understocking can result in missed sales opportunities. Both can disrupt business growth and dissatisfy prospects and customers.

Making informed decisions about how much you need to prepare and arrange to have the right amount of goods and services ready for sale requires a proper understanding of overstocking and understocking. But with this comprehensive guide, we will look into the former – definition, key causes, and impacts on your store’s productivity and profitability – to help you be better equipped to prevent it and optimize your inventory management.

Continue reading “Understanding Overstocking: Key Causes & Their Impacts In 2024”