Inventory workflow refers to the series of processes that occur when an organization manages its stocks of raw materials, goods in progress, as well as finished products. By optimizing these processes, businesses can better track stock levels, reduce waste, and improve customer service. The process typically starts with assessing demand, planning supply, purchasing the right quantity of inventory, storing inventory properly, recording and tracking inventory movements, and finally dispatching goods or delivering services. With careful forecasting and the right technology, businesses can ensure they have the right inventory at the right time to meet customer needs.