Inventory management is the practice of overseeing the ordering, storage, and use of components used in production as well as overseeing and controlling quantities of finished products for sale. It involves overseeing a business's major asset of inventory, which represents an investment that is tied up until the item sells. Effective inventory management is important for business operations and cash flow.
Inventory management is the practice of overseeing the ordering, storage, and use of components used in production as well as overseeing and controlling quantities of finished products for sale. It involves overseeing a business's major asset of inventory, which represents an investment that is tied up until the item sells. Effective inventory management is important for business operations and cash flow.
Inventory management is the practice of overseeing the ordering, storage, and use of components used in production as well as overseeing and controlling quantities of finished products for sale. It involves overseeing a business's major asset of inventory, which represents an investment that is tied up until the item sells. Effective inventory management is important for business operations and cash flow.
Inventory management is the practice of overseeing the ordering, storage, and use of components used in production as well as overseeing and controlling quantities of finished products for sale. It involves overseeing a business's major asset of inventory, which represents an investment that is tied up until the item sells. Effective inventory management is important for business operations and cash flow.
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What is 'Inventory Management'
Inventory management is the practice overseeing and controlling of the ordering, storage and use of components that a company uses in the production of the items it sells. Inventory management is also the practice of overseeing and controlling of quantities of finished products for sale. A business's inventory is one of its major assets and represents an investment that is tied up until the item sells.
