Which practice helps in consistently monitoring inventory levels?

Tracking stock at all times is essential for consistently monitoring inventory levels because it allows retailers to maintain real-time visibility into their inventory. This practice involves constantly updating inventory records as stock is added or sold, enabling retailers to respond quickly to changes in inventory levels. By having up-to-date information, management can make informed decisions regarding restocking, sales strategies, and identifying trends based on inventory movements. This approach minimizes the risk of stockouts or overstock situations, making it a critical strategy for effective inventory management in retail settings.

Other practices, while beneficial, do not offer the same level of continuous oversight. Monthly audits, regular stock taking, and weekly reviews provide important insights and help establish processes for inventory management, but they do not maintain the same immediacy as real-time tracking. These practices can often result in delayed reactions to inventory discrepancies or shifts in supply and demand, which tracking stock at all times can help avoid.