Inventory monitoring is the process of tracking and managing the storage and movement of goods, materials, products, and supplies. It involves overseeing stocks to identify levels of stock and items consumed in a given period, as well as taking action to restock or adjust orders when necessary. By utilizing inventory monitoring methods, companies are able to gain insight into their supply chain and ensure that customer needs are met in a timely manner. Not only does this help support service-level objectives, but it also allows for better cost control and profitability. Inventory monitoring is essential for any business looking to maximize efficiency and maintain competitive positioning within its industry.