What are the best strategies for managing inventory levels and minimizing stockouts in my boutique?

Implement inventory management software to track sales trends and forecast demand accurately, enabling you to optimize stock levels and reorder products in a timely manner. Utilize just-in-time inventory methods to reduce excess stock and minimize holding costs while ensuring you have enough inventory to meet customer demand. Foster strong relationships with suppliers to facilitate faster replenishment and negotiate favorable terms, and regularly conduct inventory audits to identify and address any discrepancies or inefficiencies.