What is Inventory Control

1.

It is the process of ensuring that an organization has a sufficient amount of stock available. Learn more in: Supply Chain Building Blocks and Post-COVID-19 Recovery Measures With Artificial Intelligence

2.

One of the most relevant and delicate tasks of logistics. It is related to all the components that are needed in the production process, whether they are a direct part of the final product or are necessary for the proper operability of the organization. Through the control of inventories, it must be ensured that each of these components must be available at the time and in the quantities required, so that production does not stop. Learn more in: Inventories Control, State Regulations, and the Amplitude Model (TAM)

3.

It is the process of effectively managing stock items, parts or supplies. Learn more in: Application of Utility Mining in Supply Chain Management

4.

Inventory control can be defined as the process of managing enough materials which are held by the company in the supply chain for the purpose of customers’ demand satisfaction. Learn more in: Evaluation of RFID Tag Anti-Collision Algorithms in Supply Chain Automation

5.

Inventory control is the concept by which the negative aspects of maintaining inventories (i.e., less capital to invest elsewhere, costs associated with shrinkage and storage) are balanced with its positive aspects (i.e., having goods and services available in a JIT fashion). A number of traditional models are used to optimize levels of inventory (i.e., Minimum Stock, Economic Order Quantity (EOQ), and Safety Stock methods) that help determine minimum stock necessary to adequately maintain production levels. Learn more in: RFID Technologies and Warehouse Applications: Case Studies

6.

Also known as ‘Stock Control,’ it consists of how firms regulate and maximize the company’s warehouse inventory. Learn more in: Inventory Control and the Use of Technology in Businesses: A Survey Study of Micro-Companies in Mexico

7.

Inventory control is the concept by which the negative aspects of maintaining inventories (i.e., less capital to invest elsewhere, costs associated with shrinkage and storage) are balanced with its positive aspects (i.e., having goods and services available in a JIT fashion). A number of traditional models are used to optimize levels of inventory (i.e., minimum stock, economic order quantity [EOQ], and safety stock methods) that help determine minimum stock necessary to adequately maintain production levels. Learn more in: JIT Inventory Management Strategy

8.

Inventory control is the concept by which the negative aspects of maintaining inventories (i.e., less capital to invest elsewhere, costs associated with shrinkage and storage) are balanced with its positive aspects (i.e., having goods and services available in a JIT fashion). A number of traditional models are used to optimize levels of inventory (i.e., Minimum Stock, Economic Order Quantity (EOQ), and Safety Stock methods) that help determine minimum stock necessary to adequately maintain production levels. Learn more in: Green Supply Chains and Enabling RFID Technology