Replenishment is the process of putting materials into stock to replace items that have been used. This is necessary to keep inventory levels high enough to meet customer demand but not so high that money is tied up in excess inventory. Determining the right inventory level can be tricky and often requires computerized systems to keep track of usage and predict future demand.
Replenishment is a vital part of any inventory management system and is particularly important in businesses that rely heavily on stock. Many retailers use replenishment systems to ensure that their shelves are always stocked with the products customers want. This can help to improve sales and customer satisfaction levels.
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