Cost reduction through operational efficiency

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One of the main factors that reduce work efficiency is the presence of excess or surplus inventory. If there is excess inventory, it takes time and effort to find the desired product, making work inefficient. In addition, if there is a shortage of inventory, there will be an increase in inquiries and complaints from customers, and other important work may be delayed due to the need to respond to them.
Furthermore, if there is excess inventory, a lot of time and resources will be spent on unnecessary ordering and inventory, resulting in increased labor costs. Proper viber database inventory management can reduce such waste and improve work efficiency. Streamlined work processes make it easier for employees to focus on their core work, which can lead to increased productivity and increased profits.

Increased customer satisfaction
Customer satisfaction can be increased by making the product seem to have value at various stages before it reaches the customer. For example, customer satisfaction can be expected to increase by reliably procuring the products that client companies want and delivering them at the required time without any shortages. In addition, product management is involved in creating a good purchasing experience, such as displaying products in an easy-to-understand manner, providing attentive customer service, purchasing from an online shop, and receiving products via smooth delivery. In this way, product management can be said to be a task that is directly linked to increasing customer satisfaction.
Product management is the core of sales planning

Product management optimizes sales plans formulated for "sales management." Sales management is the task of managing the flow of products and money in sales, and involves collecting and managing information such as what was sold, when, how much, and how many, and when payment for the products will be collected. In order to properly carry out
this sales management, it is necessary to formulate a sales plan that summarizes how to sell products and generate revenue. Information such as market demand and product sales obtained through product management is essential to creating an appropriate sales plan. In other words, sales plans are deeply related to product management, which aims to maximize profits.