CONSUMER DEMAND-BASED INVENTORY MANAGEMENT SYSTEM

In some embodiments, methods and systems of managing products at a retail sales facility include scanning a product in a stocking cart at the retail sales facility using a hand-held electronic device including a processor. At least two of the following three functions may be performed based on the scanning of the product. First, the stocking cart may be audited by comparing scanned data to data contained in an inventory management database. Second, a determination of whether the item is on a pick list may be made, which may include determining a demand for the scanned product to arrive at a decision whether to store the product in the stock room or place it on a shelf on the sales floor. Third, if the item is to be stored in the stock room, a determination of whether identical items are stored in bins in the stock room may be made.