Inventory Management training courses
What is Inventory Management? Inventory management is a branch of supply chain management which revolves around the overseeing of non-capitalized possessions which are so termed as inventory. Inventory management is actually a chain of events which regulates the flow of non-capitalized good from the production end to the storehouses, and from these stores to the retailer end which is the sales point. Hence, inventory management maintains a record of all products or bi-products from the time when these enter the storage facilities until the moment when these are dispatched at the various sales spots. Inventory management plays a significant role in the supply chain because supply stocks are the chief investment of any business until all the products have been sold out. Inventory management has various costs affiliated with itself because businesses must gather supplies, accumulate, maintain tracking as well as insurance of all inventory items. The process orbits starting from r