Inventory Overview
Inventory management includes keeping track of product levels and accurately entering and exiting stock from the system. Maintaining current product data is critical to the system's success. When keeping goods, firms must consider the chance that they will rot or become obsolete if left unattended for an extended period. As a result, firms must take steps to ensure that the inventory on hand is sufficient to meet current manufacturing or sales requirements. Proper inventory control ensures the company's long-term stability, and the production process will continue to function smoothly without interruption due to stock-outs.
