Question:

What is Inventory and why is it important to a Retail business?

Answer:

In layman’s terms Inventory makes reference to all the items, goods, merchandise, and materials owned by a retail business for selling to customers to earn a profit.

Inventory in Heartland Retail POS refers to the data of items (SKUs, UPCs) that a retail business owns and sells either through a brick and mortar location or online via an e-commerce web store.