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When it comes to stock control, smaller businesses have traditionally relied on doing a physical count, usually done monthly, that had to be manually entered into the computer system. The stock control software available to them was extremely limited. This required extensive man-hours and made it difficult to know exactly how many of a particular item was on hand at any given time. It also increased the likelihood of running out of an item, causing customers to purchase the product elsewhere.
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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