Inventory management is keeping an active check on a business' inventory. It is important to keep track of all items entering and leaving your inventory. Whether your inventory is small or large or whether you store inventory in a pantry or in a warehouse, keeping control over your inventory is vital to your business' bottom line.
In this module, you will learn to:
- Define inventory management
- Classify the types of inventory
- Design an inventory management process
- Establish key internal controls
