inventory management

Inventory management is the process of efficiently overseeing the constant flow of units into and out of an existing inventory. This process usually involves controlling the transfer in of units in order to prevent the inventory from becoming too high, or dwindling to levels that could put the operation of the company into jeopardy. Balancing the various tasks of inventory management means paying attention to three key aspects of any inventory.Inventory management is not limited to documenting the delivery of raw materials and the movement of those materials into operational process.In addition to maintaining control of the volume and movement of various inventories, inventory management also makes it possible to prepare accurate records that are used for accessing any taxes due on each inventory type.Inventory management has to do with keeping accurate records of finished goods that are ready for shipment

Inventory Management.pdf (251.05 kb)