Inventory Control Procedures refer to the set of best practices used by businesses to manage their inventory efficiently. These procedures help organizations maximize profits by minimizing waste and avoiding overstocking, while ensuring that goods are always available for customers when they’re needed. The most effective inventory control procedures involve a combination of regular reviews, accurate tracking of goods, proper labeling and categorization, and efficient warehousing processes. When used in conjunction with modern technology, these procedures can be an invaluable tool for increasing efficiency and improving customer satisfaction.