Inventory Replenishment

Inventory replenishment refers to the process of restocking products or materials in a business to ensure sufficient supply for customer demands. This involves monitoring sales and stock levels to determine when to reorder items, so you don’t run out, which could result in lost sales and dissatisfied customers. Efficient replenishment helps maintain optimal inventory levels—ensuring that you have enough products on hand without overstocking, which can tie up cash and increase storage costs. Essentially, it's about finding the right balance to keep operations smooth and customers happy.