Inventory planning and Management

Advatix Logistic05 Apr, 2021Business

The word ?Inventory? stands for the merchandise a business wants to sell to customers and make a profit. Managing inventory is a key step of the supply chain; it involves tracking inventory from the manufacturer to warehouses and then on to a retail center.Why is inventory important? Inventory management aims to have the exact products needed in the required quantity at the right place and at the right time.