Eli5 How do grocery stores around the world afford to be fully/half stocked in a product 24/7 simultaneously even in small towns where not everything’s bought?

Question

Eli5 How do grocery stores around the world afford to be fully/half stocked in a product 24/7 simultaneously even in small towns where not everything’s bought?

In: 47

Answer 1

This is what precisely inventory management and supply chain management are all about. A competent company will have mechanisms in place to quickly and accurately keep track of the inventory on hand, as well as create forecasts for how much needs to be ordered.