There are many ways you are able to manage your inventory. Often it needs to be removed because it is damaged, stolen, lost, or simply used for other functions. It’s usually expensive to hold and therefore, it’s very important to make certain that a business already has sufficient supply of goods that are high in demand. When it is tracking inventory in many locations or doing in-depth audits of inventory activity, there are a few items which are past the reach of a very simple inventory spreadsheet. It may be eye-opening to observe how much inventory is removed as a price of conducting business.