Inventory control is the practice of efficiently managing the replenishment, storage, and use of goods or materials within a business. It involves making sure that inventory levels remain optimal to meet customer demand while not exceeding the storage capacity of the business. This is achieved through careful tracking of components, parts, and raw materials that are necessary for production, as well as efficient management of inventory levels over time. Keeping accurate records of stock levels and analyzing trends in order to predict inventory needs can also help businesses make informed decisions on supply orders and minimize costs.