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Inventory (stock) refers to the goods held by a company for the purpose of production, sale or even support activities.

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Learn from India’s Best ProfessorsLearn from India’s Best Professors

Inventory

Compiled by SuperProfs.com

Learn from India’s Best Professors

What is Inventory?

Inventory (stock) refers to the goods held by a company for the purpose of production, sale or even support activities.

Most times, inventory is the largest of the current assets held by a company.

Learn from India’s Best Professors

Inventory Management

Through inventory management, a company ensures that it has the products it needs on hand and that costs are kept as minimal as possible.

Inventory management is not just a key component of managing a company's supply chain, but is also a key driver of profit.

Learn from India’s Best Professors

Inventory Management Strategies

• Just-in-time method • Materials requirement planning

Learn from India’s Best ProfessorsLearn from India’s Best Professors

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