What is inventory management best practices ?

Definition

Inventory management is the process of tracking and monitoring the stock of a company's inventory to make sure that it is at the right location, quality, and quantity. It is an important part of any company's business management because an organization that runs out of stock is unable to fulfill orders and customers. If you're running a small business, being able to manage inventory well is essential. You need to have a clear picture of what you have so that you don't run out of stock and can fulfill customer orders when they arrive. Keep reading this article to find out what you need to know about inventory management.