Are you explain inventory control

Question

Accepted Answer

Inventory control is the process of managing and monitoring the flow of goods in and out of a company's inventory.

Inventory control involves tracking inventory levels, ordering and replenishing stock, and minimizing stockouts and overstocking.
It includes implementing systems and procedures to ensure accurate inventory counts and efficient inventory management.
Effective inventory control helps optimize cash flow, reduce carrying costs, and improve customer satisfaction.
Examples of inventory control techniques include ABC analysis, just-in-time inventory, and economic order quantity (EOQ) calculations.

Accepted Answer

We have ans the qus main work is fms it's mins frist moving medium moving and slow moving parts read and full fill the inventory

Popular interview questions of Manager - Parts