Inventory management is the process of overseeing and controlling the flow of goods and materials in a business. Effective inventory management helps ensure that a company has the right products in the right quantities at the right time to meet customer demand. It helps minimize stock shortages, reduce waste and obsolescence, and improve operational efficiency. Inventory management involves tracking inventory levels, managing stock replenishment, and conducting regular physical inventory counts. Utilizing inventory management software and implementing best practices can help businesses optimize their inventory processes and improve their bottom line.
Cerullo & Associates Business Consulting Agency
Onestop Business Solution
