Inventory management refers to the process of ordering, storing, and using a company’s inventory. These include the management of raw materials, components, and finished products as well as warehousing and processing such items. For companies with complex supply chains and manufacturing processes,…
Inventory management refers to the process of ordering, storing, and using a company’s inventory. These include the management of raw materials, components, and finished products, as well as warehousing and processing such items.
1. First, you need to identify the inventory management workflow. Get yourself clear on each specific process by asking workmates and people who are in charge. It’s better to clarify who is responsible for which step and what documents need to prepare when you need to stock in or get products out. 2.