What is inventory management

Question

Accepted Answer

Inventory management is the process of tracking and controlling a company's inventory levels.

It involves monitoring stock levels, ordering and receiving inventory, and keeping track of inventory movement.
Effective inventory management helps to reduce waste, minimize stockouts, and optimize cash flow.
Examples of inventory management techniques include ABC analysis, just-in-time inventory, and economic order quantity.
Inventory management software can be used to automate and streamline the process.

Accepted Answer

Inventory management is the process of tracking and controlling a company's inventory levels.

It involves monitoring stock levels, ordering and receiving inventory, and keeping track of inventory movement.

Effective inventory management helps to reduce waste, minimize stockouts, and optimize cash flow.

Examples of inventory management techniques include ABC analysis, just-in-time inventory, and economic order quantity.

Inventory management software can be used to automate and streamline the process.

Accepted Answer

inventory management as a major role in any organization, because stock like raw materials issued from suppliers.The we take inventory to monitor the daily data ,and stock which are available with us.

What is inventory management

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