If inventory is not properly tracked, it can lead to several issues. These include overstocking or understocking, which can result in lost sales and increased storage costs. It can also lead to inaccurate financial reports, as inventory is a significant part of a company's assets. Additionally, it can cause issues with order fulfillment, as you may not have the necessary stock to meet customer demand. Finally, it can lead to theft, damage, or decay of products going unnoticed, leading to further financial losses.
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