Analysis of Inventory Control Management

Dr. Vankadari Gupta

Abstract

Inventory management is maintaining your inventory levels to ensure that you have an adequate supply of each product. Effective inventory management may help you keep track of your purchase orders and maintain a successful supply chain. Systems may be set up to assist with forecasting and to enable you to define reorder points.Grocery shops and other companies that sell perishable commodities are examples of inventory control. Grocery businesses work hard to guarantee that fresh food is accessible when consumers want it, but not so much that it spoils on the shelf. Inventory management techniques guarantee that high-demand items are easily accessible while low-demand products are maintained in reduced quantity in a warehouse firm where perishable commodities are not a concern.