What technology aids in real-time inventory management? 🔊
Technologies that aid in real-time inventory management often include Internet of Things (IoT) devices, RFID tags, and advanced software solutions. IoT sensors monitor stock levels and locations, providing instant feedback about inventory status. Coupled with RFID technology, businesses can track items as they move through the supply chain with high precision. This integration enables automation of reorder processes when levels dip, optimizing inventory turnover and reducing holding costs. Consequently, real-time inventory management enhances operational efficiency and responsiveness to market demand.
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