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Definition of Inventory Management System
Inventory management systems are software programs used to maintain, gather and track inventory from the moment it reaches a retail setup to the moment it is sold. Automation has increased the efficiency and accuracy of inventory management, allowing... More »
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en.wikipedia.org/wiki/Inventory

Definition[edit]. The scope of inventory management concerns the balance between replenishment lead time, carrying costs of inventory, asset management , inventory forecasting, inventory valuation, inventory visibility, future inventory price forecasting, physical inventory, available physical space, ...

www.investopedia.com/terms/i/inventory-management.asp

Companies can save significant amounts of money and reduce waste by using a JIT inventory management system. JIT means that manufacturers and retailers keep only what they need to produce and sell products in inventory, which reduces storage and insurance costs, as well as the cost of liquidating or discarding ...

searcherp.techtarget.com/definition/inventory-management

This definition explains the meaning of inventory management and how businesses use it to supervise non-capitalized assets (inventory) and stock items.

www.businessdictionary.com/definition/inventory-management.html

Definition of inventory management: Activities employed in maintaining the optimum number or amount of each inventory item. The objective of inventory management is to provide uninterrupted production, sales, and/or customer- service ...

www.tradegecko.com/learning-centre/what-is-inventory-management

The definition of Inventory Management is easy to understand. Simply put, inventory management is all about having the right inventory at the right quantity, in the right place, at the right time, and at the right cost. But how do you implement the best inventory management techniques to ensure the best results? Read on to ...

www.investinganswers.com/financial-dictionary/financial-statement-analysis/inventory-management-5999

Inventories are company assets that are intended for use in the production of goods or services made for sale, are currently in the production process, or are finished products held for sale in the ordinary course of business. Inventory also includes goods or services that are on consignment (subject to return by a retailer ) or ...

www.shopify.com/encyclopedia/inventory-management

Inventory management involves keeping track of a company's stocked goods.

www.managementstudyguide.com/inventory-management.htm

In any business or organization, all functions are interlinked and connected to each other and are often overlapping. Some key aspects like supply chain management, logistics and inventory form the backbone of the business delivery function. Therefore these functions are extremely important to marketing managers as ...

www.springer.com/cda/content/document/cda_downloaddocument/9788132219699-c2.pdf?SGWID=0-0-45-1489896-p176811690

Basic Concepts in Inventory Management. 2. Abstract. In this chapter, the concept of inventory is discussed which is central to materials management function. The definition of inventory and various types of inventories – raw materials, finished goods, in-process inventory, MRO inven- tory, etc. – are outlined. The need to ...