Inventory management is the process of overseeing and controlling the ordering, storage, and use of materials in order to ensure that the right level of stock is maintained. It can get complicated when there are procurement issues; from tracking inventory levels, costs, and expiry dates, to managing vendors and distribution channels. With an effective inventory management system in place, organizations can ensure their processes are efficient, accurate, compliant, and cost-effective – giving them more control over their supply chain and resources.