In business, inventory supplies are physical items needed for operations. They can range from raw materials and components to finished goods ready for sale. Inventory supplies are essential for businesses in every industry and without them, there would be nothing to manufacture, assemble, or produce. Inventory supply management is the process of ordering and tracking stock levels in order to ensure that you have the right amount of materials at the right time and place. An effective inventory supply management system allows businesses to stay ahead of changing customer demands, maximize their profits and minimize costs.