What Is Inventory Management?
Understand how Inventory Management fits into the supply chain
Inventory management is the tracking of inventory throughout the entire supply chain and monitoring stock demands and availability. Inventory management is key to improving visibility and flow within the warehouse as knowing exactly what is inside and where it's located can help manufacturers speed up fulfillment, cut costs and improve customer service. Effective inventory management allows suppliers to maintain the right balance of stock in the warehouse and replenish when necessary, ensuring product availability when and where it is needed.