yth_inventory_management

Inventory management is the process of overseeing and controlling the flow of goods and materials within a company. It involves monitoring inventory levels, tracking sales and inventory turnover, and ensuring that stock is replenished in a timely manner. Effective inventory management helps businesses minimize stockouts, reduce carrying costs, and improve customer satisfaction. It typically involves the use of inventory management software and various strategies such as just-in-time (JIT) inventory, ABC analysis, and economic order quantity (EOQ) calculations