Inventory control in material management involves the regulation of ordering, storing, and using materials for optimal efficiency. It is an essential business process that enables companies to sufficiently meet their customer demands within a cost-efficient economic framework. Inventory control can range from simple manual systems to highly sophisticated computer programs, designed to monitor stock levels and ensure that all orders are fulfilled on time and with suitable quality standards. By maintaining close oversight of inventory levels, businesses can ensure they’re never overstocked or under supplied during peak periods of demand.