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Inventory Management Control

oboloo Glossary

Inventory Management Control

Inventory Management Control is the systematic process of monitoring, organizing, and tracking goods from initial purchase or production to sale or end-use. It ensures that companies have the right amount of stock on hand at any given time, eliminating excess storage costs and meeting customer demand effectively. By carefully managing inventory levels in a timely and accurate manner, businesses can reduce operating expenses and improve efficiency. Furthermore, this helps boost customer satisfaction by making sure that customers receive their orders on time and with minimal backorders.

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