What is commodity management? What role does it play?

Merchandise management refers to a retailer from the analysis of customer demand, the product mix, pricing methods, promotional activities, as well as the use of funds, inventory and other operational indicators to make a comprehensive analysis and planning, through efficient operational systems, to ensure that in the optimal time, will be the most appropriate amount of the right price to provide customers with goods, and at the same time, to achieve the established indicators of economic efficiency.