Merge with Multi users

Hi,
We want to insert data in Inventory table if item does not exist, if it exists, update the item.
We plan to use the MERGE statement, and want to confirm if this will work fine if multiple users use this functionality simultaneously. If not, then please suggest the correct approach.
Thanks a lot.

if this will work fine if multiple users use this functionality simultaneously.Why not?
Also, this is will you a better performance than
1) Check record existence
2) If NOT found
INSERT
else
UPDATE

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