Inventory management is vital to a company’s health because it helps make sure there is rarely too much or too little stock on hand, limiting the risk of stockouts and inaccurate records.
Refers to the raw materials used in production as well as the goods produced that are available for sale.
A method that an investor or trader uses to evaluate and investigate an investment or the stock market.
A BOM is a structured, comprehensive list of the materials, components and parts.
Raw materials are materials or substances used in the primary production or manufacturing of goods.
Inventory management helps companies identify which and how much stock to order at what time. It tracks inventory from purchase to the sale of goods. The practice identifies and responds to trends to ensure there’s always enough stock to fulfill customer orders and proper warning of a shortage.
Minimum Order Quantity
ERP Inventory Management