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Inventory Control Business

oboloo Glossary

Inventory Control Business

Inventory Control is the practice of managing a company’s stock or raw materials in order to optimize production, reduce costs, and ensure that enough stock is on hand for customer orders. This includes tracking inventory levels, obtaining new inventory in a timely manner, maintaining quality standards and keeping accurate records of inventory. Inventory control also involves making sure that the right items are ordered in the right quantities at the right time so that customers can be served quickly and efficiently. By using proper inventory control practices, businesses can maximize their profits while providing the best possible service to their customers.

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