What does merchandise management mean?

Merchandise management encompasses all processes and activities related to the planning, management, and control of the flow of goods within a company. It is a central function in retail and ranges from procurement and storage to the sale of goods.

An efficient merchandise management system enables optimal inventory management and ensures the availability of goods while minimizing storage costs. Important key figures such as inventory levels and minimum stock levels are continuously monitored.

What are the advantages?

Merchandise management plays a crucial role in the success of a company, as it ensures that goods are supplied according to demand and avoids excess inventory. By systematically recording and evaluating goods movements, companies can optimize their procurement processes. In addition, a modern merchandise management system enables better planning and faster response to fluctuations in demand.

Requirements for effective inventory management

Successful inventory management is based on the accurate recording of all goods movements and systematic inventory control. Modern inventory management systems support this with automated processes such as electronic inventory management, automatic reordering, and integration of POS systems.

The analysis of sales data and inventory trends enables forward-looking planning and helps to optimize the product range. Seasonal fluctuations and trends should also be taken into account in order to adjust inventory levels accordingly.

Close integration with other areas of the company, such as purchasing, sales, and logistics, is essential to ensure a smooth flow of goods and optimize the company's profitability.