Glossary Discription

Inventory control is the process of systematically monitoring, managing, and regulating stock levels to maintain optimal quantities, prevent shortages, and minimize excess inventory. Techniques such as cycle counting, ABC analysis, and reorder point calculation are used to achieve effective control. 

Characteristics:

• Monitors and regulates inventory levels accurately
• Minimizes excess or obsolete stock
• Reduces operational costs
• Supports timely replenishment and procurement planning