oboloo Glossary

Inventory Ordering

oboloo Glossary

Inventory Ordering

Inventory ordering is the process of restocking your store or warehouse with items necessary to keep operations running smoothly. This includes keeping track of stock levels, forecasting demand and adjusting supply to minimize costs. It is an essential function of any business that sells products or provides services to customers. The goal of inventory ordering is to ensure you have the right balance of items for sale in order to meet customer requirements, while also controlling costs. An effective system helps avoid understocking and overstocking, which can lead to lost sales and higher expenses.