One of the largest competitive advantages large companies have over smaller ones is efficiency in managing inventory. Through electronic inventory tracking systems using stock control software, larger companies have real-time counts of all items in stock and the ordering of replenishment stock is done automatically based on the count in the computer.
But now, new inventory tracking systems make it possible for smaller businesses to run with the same efficiency as larger businesses. This allows these smaller businesses to compete on price and selection once again.
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