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Inventory Control is a key component of Supply Chain Management (SCM). It is the process of managing the availability, storage, and movement of inventory within a supply chain. This includes tracking inventory levels, forecasting demand, and optimizing inventory levels to meet customer needs. It also involves managing the costs associated with inventory, such as storage, transportation, and handling. Inventory Control helps to ensure that the right products are available at the right time and in the right quantities.
Inventory Control is a critical part of SCM, as it helps to ensure that the supply chain is running efficiently and effectively. It helps to reduce costs associated with inventory, such as storage and transportation, and helps to ensure that customer needs are met.
Some companies in the Inventory Control market include Oracle, SAP, JDA Software, Manhattan Associates, Infor, and Epicor. Show Less Read more