Inventory management is the set of activities involved in ensuring that items needed for the business to run are always available in optimal quantities. This means that there should neither be too much purchased nor too little, but just the amount required with adequate backup. In this article, we will look: at 1) what is inventory management, 2) tips for managing inventory, 3) mistakes to avoid, and 4) selecting inventory management software. WHAT IS INVENTORY MANAGEMENT? Inventory managemen...
