oboloo

oboloo Glossary

Inventory Products

oboloo Glossary

Inventory Products

Inventory Products are items that a business purchases and holds in stock to use in the production of goods or services they provide. These products are typically bought in bulk and held in storage, often with a fixed inventory cycle such as monthly or quarterly, to achieve greater cost savings. The goal is to maintain enough of these on hand to meet customer needs without over-stocking or under-stocking, while carefully monitoring prices, supply channels, and changing patterns of demand. Storing Inventory Products efficiently can help businesses reduce costs, improve customer service, and increase profitability.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971