Inventory control
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Inventory control is the supervision of supply, storage and accessibility of items in order to ensure an adequate supply without excessive oversupply.
It can also be referred as internal control - an accounting procedure or system designed to promote efficiency or assure the implementation of a policy or safeguard assets or avoid fraud and error etc.
Inventory control may refer to:
- In economics, the inventory control problem, which aims to reduce overhead cost without hurting sales
- In the field of loss prevention, systems designed to introduce technical barriers to shoplifting
It answers the 3 basic questions of any supply chain: 1. When? 2. Where? 3. How much?
[edit] See also
- Inventory
- Inventory control system
- Inventory management software
- Operations management
- Supply chain management
- Warehouse management system
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