Inventory Control

Inventory control is the process of managing a company's stock of goods to ensure it has the right amount on hand. In production planning and control, it involves monitoring inventory levels, tracking what’s being produced and sold, and anticipating future needs. Effective inventory control helps avoid shortages that can disrupt production or overstocking that ties up capital. By optimizing inventory, companies can improve efficiency, reduce costs, and meet customer demand more effectively. Essentially, it's about balancing supply and demand to keep operations running smoothly.