Product consumption refers to the use and depletion of inventory items within a business. It involves tracking how products are utilized over time, whether for customer services, internal use, or waste. Monitoring product consumption helps businesses manage their stock levels, reduce waste, and ensure they have the right amount of inventory to meet demand. Effective tracking of product consumption can also provide insights into usage patterns and inform better purchasing and inventory decisions.
Index
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article