Inventory Management System

Inventory and Supply Chain Management

Inventory and Supply Chain Management

Inventory management is a key element of the supply chain. It is sometimes confused with other related processes and practices of the supply chain ecosystem. Inventory Management is the tracking of inventory from raw materials to manufacturers, to finished goods, to distributors, warehouses (wholesaler or retailer), and from these facilities to a point of sale (end customer). The goal of inventory management is to have the right products in the right place at the right time.