What is stock / inventory management?


1 Answer(s)


Business motives are to produce, sell and make profit. Inventories are playing vital role
in every business whether industrial unit are trading organization. Inventories are very
broad term and include the elements whose values are always very high, in any industrial
unit. Inventory constitutes major parts, approximately 40% to 80% of gross working
capital depending upon the nature and size if the industrial unit. Inventory can be any form which consists of raw material, consumables, and spares, work in process, finished goods.