Intentory Management

Inventory management is the process of efficiently and effectively overseeing the flow of goods and materials within a business or organization. It involves the acquisition, storage, tracking, and utilization of inventory items to ensure that the right products are available in the right quantities at the right time. Proper inventory management is crucial for businesses to maintain optimal stock levels, avoid stockouts or overstocking, reduce carrying costs, and improve overall operational efficiency. Here's an overview of the key components and strategies involved in inventory management.