Inventory control

<p>Inventory control or stock control is the process of managing stock held within a warehouse, store or other storage location, including auditing actions concerned with "checking a shop's stock". These processes ensure that the right amount of supply is available within a business. However, a more focused definition takes into account the more science-based, methodical practice of not only verifying a business's inventory but also maximising the amount of profit from the least amount of inventory investment without affecting customer satisfaction. Other facets of inventory control include forecasting future demand, <a href="/facts/Supply_chain_management/3bEP00vC">supply chain management</a>, <a href="/facts/Production_control/R6rIFSW5">production control</a>, financial flexibility, purchasing data, loss prevention and turnover, and customer satisfaction. 
</p><p>An extension of inventory control is the inventory control system. This may come in the form of a technological system and its programmed software used for managing various aspects of inventory problems, or it may refer to a methodology (which may include the use of technological barriers) for handling <a href="/facts/Loss_prevention/1gn6BaNW">loss prevention</a> in a business. The inventory control system allows for companies to assess their current state concerning assets, account balances, and financial reports.
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Inventory control