There are many ways you’re able to manage your inventory. Often it has to be removed because it’s damaged, lost, stolen, or just used for different functions. It is usually costly to hold and thus, it is very important to ensure that a business already has adequate supply of goods which are high in demand. When it’s tracking inventory in several locations or performing in-depth audits of inventory activity, there are a couple items which are past the range of a very simple inventory spreadsheet. It can be eye-opening to observe how much inventory is removed as a price of conducting business.