What about theft?
- Manually: creating your own tags and keeping an inventory log book.
- SKUs: use software like Big Commerce that keeps track of your inventory. Usually used for small businesses
- Get someone else to figure it out for you. Innovative way: this firm offers services to optimize inventory levels
Overall, I think managing inventory levels is important. It is a strategic thing to do, especially when focusing on the growth of your business. However, choosing a method to track your inventory requires due diligence and should be based on your product, business size and budget.