Inventory control techniques are the strategies and processes that allow organizations to manage inventory efficiently and effectively. These techniques help to ensure that stock levels are consistently maintained, while also preventing overstocking or understocking.
By keeping accurate records of inventory levels, organizations can reduce wastage and minimize costs, while ensuring that customers always have what they need. Techniques may include real-time tracking systems, safety stocks, forecasting, order batching, and vendor managed inventory. With the right techniques in place, organizations can ensure optimum efficiency, increased profit margins, and improved customer satisfaction.