Inventory control is the process of efficiently managing a business’s stock levels, often in order to meet customer demand and maximize profits. It involves tracking inventory levels, ordering new items when necessary, and working with vendors to ensure that all orders are delivered on time. By keeping an accurate account of all stock in their possession and regularly monitoring it for discrepancies, businesses can ensure that their customers always have what they need without spending too much money on unwanted or excess stock. This can drastically increase profitability, optimize customer satisfaction, and keep businesses running smoothly.