Inventory control in supply chain management is the official business definition of the process of monitoring and regulating the levels of inventory in a company. It involves the monitoring of stock levels, the ordering of new stock, and the maintenance of the inventory. The purpose of inventory control is to ensure that the company has the right amount of stock on hand to meet customer demand and to minimize the cost of holding excess inventory. It is also important to ensure that the inventory is properly stored and maintained in order to maximize its shelf life. Inventory control also involves tracking the inventory and its movement through the supply chain, from the supplier to the customer. This allows the company to better manage their inventory levels and reduce costs associated with carrying excess inventory. Inventory control is an important part of supply chain management and is essential for companies to maintain a competitive edge in the market.
