Inventory Management

An inventory management control system is that which is used to keep inventories in a desired and clear state or the activity of checking a shop’s stock while continuing to adequately supply customers & its success depends on maintaining clear records on a periodic or perpetual basis. It may come in the form of a technological system and its programmed software used for managing various aspects of inventory problems. A purely periodic physical inventory control system takes "an actual physical count and valuation of all inventory on hand at the close of an accounting period

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