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Manufacturing Inventory Control

oboloo Glossary

Manufacturing Inventory Control

Manufacturing Inventory Control is the management of materials and components used in the production process, to ensure that the quantity and quality requirements are met. It involves planning, organizing, and controlling supplies, raw materials, and finished products, to efficiently meet demand and maximize profitability. From forecasting to inventory optimization, manufacturing organizations use Inventory Control to manage all aspects of supply chain operations. This includes tracking stock levels, ordering and warehousing goods, as well as monitoring wastage, costs, and processes such as production scheduling and delivery cycles. By implementing an effective inventory control system, organizations can improve their efficiency, streamline operations, reduce costs, and increase customer satisfaction.

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