Inventory Replenishment Process is the process of managing and controlling the supply of inventory through accurate stock monitoring, ordering, and sometimes forecasting. It helps businesses ensure they have enough inventory to meet customer demand, maintain customer service levels, and minimize costs associated with stockholding. By having an effective inventory replenishment process in place, businesses can maximize their profits by ensuring that their stocks are always right – not too much, not too little. This requires careful planning and ongoing tracking of orders, deliveries, usage and wastage to make sure that the right amount of stock is ordered at the right time. A well-managed inventory replenishment process paid dividends in lower costs, better customer experience, and higher profits.