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"Knowing the condition of its own stock, it is vital to ensure a good balance between supply and demand, but, knowing its competitors one, it's even better. How do I know which products are most required ? What are the trends ? What do I need to stock in priority ? What do I need to destock and when ?"
That way, you know in real time which products are dealing with success, what are the shortages you can fill or on the contrary, which are the unsuccessful products.
Thanks to the historical records, see the periods of storage and stocking of your competitors, their business practices in the management of their supply.
Adjust your orders, optimize your offer to reduce your investment and increase your profits.
You'll always be the best one to take your decision but at least be well informed !