Inventory control is the process of managing and overseeing a company's stock of goods. It involves tracking inventory levels, orders, sales, and deliveries to ensure that the right amount of products is available at the right time. Effective inventory control helps businesses minimize costs, reduce waste, and meet customer demand efficiently.
By using various techniques and tools, such as inventory management software and stock audits, companies can maintain optimal inventory levels. This ensures that they do not overstock or run out of products, which can lead to lost sales and dissatisfied customers. Proper inventory control is essential for smooth operations and profitability.