Purchasing Inventory Control is a process that streamlines the acquisition and management of goods and services—making sure all items necessary for operations are acquired and monitored in a cost-effective, timely manner. It can involve activities such as enhanced supplier evaluation, selecting vendors, alternative sourcing initiatives, inventory forecasting, and storage strategies. In simpler terms, it’s ensuring you have enough of the right resources to get the job done while being mindful of costs. But it’s more than just buying supplies, it’s all about building relationships within the marketplace and taking control of your inventory.