WebThe Flow of Inventory. Regardless of the type of inventory your business is handling—whether it’s for service, manufacturing, retail or maintenance—there is a common flow that can help you manage your inventory better. Purchase An initial purchase must be made to get things going. Unless your facility is an expansion, your first purchase ... WebFeb 22, 2024 · Inventory management is the system you use to order, store, organize and move inventory through the supply chain. It ensures you have the right amount of product in the right place at the right time. The goal of inventory management is to minimize the cost of holding inventory by helping you know when it’s time to replenish products or buy ...
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