Description: Inventory management involves overseeing and controlling the ordering, storage, and use of products. This process is crucial for businesses as it helps maintain a balance between supply and demand, thereby optimizing costs and improving operational efficiency. Inventory management encompasses various activities, such as receiving goods, proper storage, tracking stock levels, and planning replenishments. Additionally, it relies on advanced technologies, such as inventory management systems, which allow real-time access to information and facilitate informed decision-making. The automation of these processes, through cloud-based solutions, has revolutionized how companies manage their inventories, enabling greater accuracy and reducing the risk of human errors. In an increasingly competitive business environment, efficient inventory management has become a key factor for success, as it not only affects profitability but also customer satisfaction by ensuring that products are available when needed.
