When you run a store, it’s critical to keep a finger on the pulse of your business. Paying attention to metrics like inventory value can reveal a lot about the state of your company’s finances and its operational efficiency.
Although knowledge is power, counting and managing inventory can be a restrictively time-consuming task. In order to quickly ascertain how much your inventory is worth, you either need a retail inventory management system that keeps track of your stock in real time, or a shortcut for manually gauging your inventory’s value. The retail inventory method was created to help you achieve the latter.
