Inventory /Warehouse Management Systems

What Is Inventory Management? Inventory management refers to the process of ordering, storing, and using a company's inventory. These include the management of raw materials, components, and finished products, as well as warehousing and processing such items.   For companies with complex supply chains and manufacturing processes, balancing the...

Inventory control systems maintain information about activities within firms that ensure the delivery of products to customers. The subsystems that perform these functions include sales, manufacturing, warehousing, ordering, and receiving. In different firms the activities associated with each of these areas may not be strictly...

What it is: Inventory management is the process of ensuring that a company always has the products it needs on hand and that it keeps costs as low as possible. How it works (Example): Inventories are company assets that are intended for use in the production of goods or...