Requirements

Be able to operate a PC. That's all.

Requirements

Inventory management can be defined as a whole lot of activities done to maintain an optimum number of inventories to ensure uninterrupted production, sales, high customer satisfaction, reduced inventory handling cost and so on.

In simple words, inventory management is all about striking the balance between overstocking and understocking. Overstocking will lead to cash flow blockage and additional cost for managing excess stock. On the flip side, understocking leads to loss of sale due to non-availability of stock at the right time.

Thus, it’s all about maintaining the right level inventories at the right time and keeping the inventory handling cost at low.

Course Circullum