A stock or store of products is what is referred to as inventory. In order to satisfy customer expectations, these commodities are stored close to the business location. In most cases, the store needs to maintain finished goods inventory in order to fulfil client demand. Various causes, such as satisfying seasonal demand, addressing physical needs, serving a functional purpose, etc., lead to the holding of inventories.

About the author:

Ramesh Venkatachalam who has done his MBA from the UK, is a Retail Management expert with over 4 Decades of experience having worked in INDIA, UAE & The UK, with leading Brands such as Timberland, The North Face, Columbia, Under Armour.

Ramesh has also been involved in mentoring and guiding Entrepreneurs and Businesses across the Globe. He is currently based in Bangalore, India and is the Sole Proprietor and Principal Consultant of "Retail Performance"

For any advise or consultancy on Retail Management, reach out to ramesh@retailperformance.in