What Makes An Inventory Control Management Successful?
Inventory control management is the method of planning and handling inventory. All companies have one or the other system of controlling inventory, which range from the very simple to the highly sophisticated. Sometimes, a combination of both methods are adopted to control inventory, successfully. What does an inventory control management system involve? Inventory control management involves managing Raw materials Finished goods Unfinished goods Consumables All inventory items can fall into any of these categories. What makes it successful? A successful inventory control management system keeps the inventory in a desired state while continuing to adequately supply customers involves calculating, updating and maintaining records, clearly and regularly provides accurate, timely techniques for all the varied inventory management problems provides inventory cost management, multiple location support, inventory optimization, etc. includes forecasting tools handles f...
