inventory management
Inventory management is the systematic process of organizing and controlling the flow of goods, materials, and supplies within a business, aiming to optimize levels, minimize costs, and ensure efficient supply and demand.
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Related Concepts (16)
- capacity planning
- decision support systems
- demand forecasting
- distribution network design
- fiscal year
- industrial process optimization
- managing resources and budgets
- operations management
- planning and organizing
- production planning
- resource allocation in supply chain management
- supply chain risk management
- supply chains
- transportation logistics
- warehouse management
- workflow optimization
Similar Concepts
- asset management
- asset tracking and management
- distribution logistics
- information management
- inventory control
- inventory efficiency
- inventory management and control
- issue management
- just-in-time inventory
- library management
- logistics management
- procurement and supplier management
- resource management
- resource utilization in supply chain management
- supply chain management