Your inventory belongs to you and your customers. As a steward we count, protect, and maintain your inventory with diligence
Inventory Management refers to the process of ordering, storing and using a company's inventory. This includes the management of raw materials, components and finished products, as well as warehousing and processing such items.
For companies with complex supply chains and manufacturing processes, balancing the risks of inventory gluts and shortages is especially difficult. To achieve these balances, firms have developed two major methods for inventory management: just-in time (JIT), materials resource planning (MRP), and retail inventory. A general tip and best practice in inventory management is to place your inventory close to your customers or manufacturing facilities.
There are a few key components to managing your inventory properly. In short your warehouse processes have to be meticulous in receiving, put-away, replenishment, and cycle counting.