Inventory Control is the supervision of supply, storage and accessibility of items in order to ensure an adequate supply without excessive oversupply. It can also be referred as internal control - an accounting procedure or system designed to promote efficiency or assure the implementation of a policy or safeguard assets or avoid fraud and error etc. Inventory control may refer to:
In economics, t
he inventory control problem, which aims to reduce overhead cost without hurting sales
In the field of loss prevention, systems designed to introduce technical barriers to shoplifting
It answers the 3 basic questions of any supply chain: 1. In common usage, the term may also refer to just the software components... Inventory control system is a systematic way of handling the flow of material which will be beneficial for industries. Inventory control is the most important part of any business, sometimes people ignore it because they do not know the value of Inventory control. Benefits:
•Undertake and produce an up to date, computerised record of your School Assets / Inventory (out of hours service available)
•Arrange for items of value to be security marked for ease of identification if lost or stolen.
