1.

What Tasks Are Covered Under Inventory Management?

Answer»

The inventory management is an important part of the material management. The optimal inventory management not only ENSURES the uninterrupted supply of the material at the required time, but also prevents WASTAGE of the items. The material management covers the FOLLOWING tasks:

  •  Material stock management
  •  Planning, ENTRY and documentation of goods transfers from/to the inventory
  •  Physical stocking of items

The inventory management is an important part of the material management. The optimal inventory management not only ensures the uninterrupted supply of the material at the required time, but also prevents wastage of the items. The material management covers the following tasks:


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