oboloo Glossary

Enterprise Inventory Management

oboloo Glossary

Enterprise Inventory Management

Enterprise Inventory Management (EIM) is a set of processes, systems, and functions that help organizations to monitor and manage the supply of goods and services. It entails tracking stock levels across different business locations, analyzing inventory needs, and optimizing inventory for maximum efficiency and cost savings. By leveraging EIM, companies can make better decisions about their supply chain processes, reduce transportation costs, improve forecasting accuracy, and ensure customer satisfaction. Ultimately, EIM helps businesses of all sizes to become more efficient, profitable, and sustainable.