Inventory Management

Inventory management is the process of tracking and managing inventory levels, orders, and deliveries. It also involves forecasting future inventory needs and managing stock levels to ensure that customer demand can be met.

Good inventory management is critical for businesses because it helps to ensure that products are available when customers want them, and that stock levels are kept at a minimum to avoid tying up capital in excess inventory.

There are a number of different approaches to inventory management, but the basic goal is always the same: to ensure that customer demand can be met while keeping stock levels low.