Inventory Management

Inventory management involves the systematic control and oversight of goods within a supply chain. Effective inventory management strategies ensure optimal stock levels, reduce holding costs, and prevent stockouts or overstock situations. Utilizing technologies such as barcode scanning, RFID, and advanced inventory software, businesses can track and manage inventory in real time, enhancing accuracy and efficiency. This process is vital for maintaining a balanced flow of goods, meeting customer demands, and optimizing operational productivity.