and calculate their anticipated profits.
A business receives its goods in order to get started. The goods go on shelves, and then are transformed into new products or sold in bulk. The goods are then sent out.
The process of inventory management is either by hand or automated. The manual method of managing inventory is labour-intensive because it involves multiple people involved at different stages of the process to track variables such as how many inventory items were received and delivered. The process can also result in errors in the process if one individual during a specific stage of the procedure enters an incorrect number. that could lead to more people being incorrect with their totals.
The attached video provides additional details about inventory management.