Inventory management requirements are the framework used by organizations to balance their inventory levels with customer demands and market conditions. They involve a range of activities including forecasting and planning, storage and delivery, stock control and cost analysis, as well as tracking methods such as barcoding, RFID, and JIT systems. By ensuring accurate inventory management requirements, organizations can optimize the amount of resources necessary for goods distribution and maximize their profits. With this in mind, businesses should put in place effective strategies and procedures to ensure that their inventory is managed efficiently and responsibly.