Stock management refers to the process of overseeing and controlling the flow of goods in and out of a company's inventory. It involves monitoring the levels of stock, determining when and how much to reorder, and ensuring that the right products are available at the right time. This can include tasks such as inventory tracking, forecasting demand, setting reorder points, and optimizing storage and logistics. Effective stock management is crucial for ensuring that a company has enough products on hand to meet customer demand while also minimizing excess inventory and associated costs.
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