oboloo Glossary

Inventory Management Analysis

oboloo Glossary

Inventory Management Analysis

Inventory management analysis is the study and evaluation of how businesses manage their inventory. It includes techniques such as categorizing inventory, setting stock levels and allocating resources for stocking, restocking and new orders. By assessing these different aspects of inventory control, a business can ensure that they remain well-stocked but not over-stocked – ensuring a steady supply of products while keeping costs low. A comprehensive inventory management analysis can help a business identify areas where they are losing money or could be more efficient, allowing them to make positive changes and boost profits.