Inventory control practices involve using different methods and technologies to manage inventory, or stock of items, in an efficient and cost-effective way. It involves tracking, monitoring, and regulating the inventory levels by keeping track of what’s coming and going, determining when to order new items, and managing storage to avoid overstocking and understocking. The goal is to improve productivity, reduce inventory costs and better satisfy customer demand. Implementing effective inventory control procedures helps businesses save money, increase sales and reduce waste.