Technology Skill
Inventory control system software Save Table: XLSX CSV
Inventory control or stock control can be broadly defined as "the activity of checking a shopâs stock." It is the process of ensuring 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' 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, supply chain management, production control, financial flexibility, purchasing data, loss prevention and turnover, and customer satisfaction.
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Examples of occupations where workers may use Inventory control system software:
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