Inventory management is the process of effectively supervising the continuous flow of units into and out of an current inventory. This procedure usually includes managing the exchange in order to avoid the inventory from becoming too high, or diminishing to stages that could put the function of the organization into danger. Competent inventory management also looks for to management the expenses associated with the inventory, both from the viewpoint of the complete value of the products involved and the tax pressure produced by the collective value of the inventory.
Sapna Sharma
Student- Vanguard Business School