Inventory Control and Management

Inventory control and management is the process of overseeing and optimizing a company's stock of goods. It involves tracking inventory levels, orders, sales, and deliveries to ensure that a business has the right amount of products on hand at all times. Effective inventory management helps minimize costs, reduce waste, and improve customer satisfaction by preventing stockouts or overstock situations. Businesses use various techniques and software to assess stock performance, forecast demand, and manage replenishment, ultimately striving for efficient operations and better profitability.