12 Significant Inventory Management Techniques that You Should Know.‍ - Chennai

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Inventory management is a method of keeping track of inventory flow. It begins with the purchase of commodities and their storage, and continues with the outflow of raw materials or stock to the industrial units or the market, as appropriate. The process can be done manually or with the help of an automated system.

When the goods arrive on the premises, inventory management guarantees that these items, such as stock, raw materials, components, tools, and so on, are efficiently received, counted, sorted, arranged, stored, and maintained.