Inventory control is a major element of an efficient operation for any business that buys and resells goods. Typical goals of inventory management include maintaining low inventory holding costs while ...

An inventory manager must be able to develop an effective inventory control system to manage customer demand. The demand for the product will control inventory costs, carrying costs, ordering costs ...

An inventory control system is a system the encompasses all aspects of managing a company’s inventories; purchasing, shipping, receiving, tracking, warehousing and storage, turnover, and reordering.