Stock Management refers to the process of overseeing and controlling the inventory of goods a business holds. This includes tracking the quantity, location, and status of products to ensure that there is enough stock to meet customer demand without overstocking, which can lead to increased costs. Effective Stock Management involves various techniques, such as forecasting demand, setting reorder points, and conducting regular inventory audits. By optimizing stock levels, businesses can improve efficiency, reduce waste, and enhance customer satisfaction by ensuring that products are available when needed.