Inventory Management PDF Free Download, Meaning, Functions, Techniques: The procedure of ordering, preserving, utilizing, and selling a company’s inventory is referred to as inventory management. This comprises raw material, component, and completed product management, as well as stockpiling and handling of such commodities. Inventory management encompasses the full inventory management process, including raw materials to the end products. Inventory management attempts to simplify stocks in order to minimize both oversupply and deficits.

Just-in-time (JIT) and materials requirement planning (MRP) are two primary strategies for inventory management. One of a company’s most significant assets is its inventory. A company’s inputs and final goods are the heart of its operation in retailing, production, food premises, and other item industries.

Inventory Management PDF Free Download, Meaning, Functions, Techniques

Sumit ThakurHRMInventory Management PDF Free Download, Meaning, Functions, Techniques: The procedure of ordering, preserving, utilizing, and selling a company's inventory is referred to as inventory management. This comprises raw material, component, and completed product management, as well as stockpiling and handling of such commodities. Inventory management encompasses the full inventory...HRM