Inventory management can significantly impact a business's sustainability efforts. Efficient inventory management can reduce waste, lower costs, and improve resource efficiency. For example, by accurately tracking and managing inventory, a business can ensure that perishable goods are used before they expire, reducing waste. Additionally, efficient inventory management can help a business avoid overstocking, which can lead to unnecessary energy use for storage and potential waste if goods are not sold before they become obsolete or expire. On the other hand, understocking can lead to missed sales opportunities and customer dissatisfaction, which can also impact a business's sustainability in terms of long-term profitability and customer relationships.
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