Inventory Control - What is inventory control and its types?

Q: What is inventory control and its types?

Inventory control systems are technology solutions that integrate all aspects of an organization's inventory tasks, including shipping, purchasing, receiving, warehouse storage, turnover, tracking, and reordering. ... Main Inventory Control System Types: Perpetual Inventory System. Periodic Inventory System.

Answer

Shipment, buying, receiving, warehousing, turnover, tracking, and reordering are all a part of an organization's inventory processes that may be streamlined with the help of inventory control systems. Primary Methods for Controlling Inventory: An Endless Inventory System. The System for Periodic Inventory.

Inventory Control - What is inventory control and its types?

Other useful ERP terms

AI suggestions