Which strategy is part of fine-tuning inventory control?

The strategy of using cloud technology for management is an essential part of fine-tuning inventory control because it enhances the ability to track and manage inventory in real-time. Cloud technology provides retailers with access to a centralized system that can store vast amounts of data. This allows for better forecasting, efficient stock management, and more informed decision-making regarding stock levels and replenishment needs.

With cloud-based systems, businesses can integrate sales data, monitor inventory turnover rates, and analyze customer trends all in one place, enabling them to respond quickly to changes in demand. Furthermore, cloud solutions often offer tools for automation and reporting, improving responsiveness and accuracy in inventory management.

In contrast, other strategies like increasing product prices, implementing seasonal discounts, or eliminating low-turn stock may address specific aspects of inventory or pricing but do not provide the overarching management capabilities and efficiency that cloud technology offers for fine-tuning inventory control.