Inventory Control


Inventory control is the process of managing and overseeing the storage, movement, and tracking of a business's inventory items. It aims to maintain an optimal balance between the available inventory and customer demand, while minimizing costs associated with carrying inventory. Inventory control is a critical aspect of supply chain management and involves various techniques and tools to ensure the efficient and accurate handling of a business's stock.

— sennder Team


Inventory control is a subset of inventory management, focusing on the tracking and optimization of existing inventory levels. Inventory management is a broader concept that encompasses all aspects of acquiring, storing, and selling inventory, including procurement, warehousing, and order fulfillment.
Some common inventory control methods include: - Periodic inventory system: Inventory levels are checked and updated at regular intervals, usually through physical stock counts. - Perpetual inventory system: Inventory levels are updated in real-time as transactions occur, typically using barcode scanning or other automated tracking systems. - ABC analysis: Inventory items are classified into three categories (A, B, and C) based on their value, with tighter controls placed on higher-value items. - Safety stock: A buffer of extra inventory is maintained to account for fluctuations in demand or lead times.
Effective inventory control can help a business by: - Reducing stockouts and overstock situations, which can lead to lost sales or increased carrying costs. - Improving order fulfillment and customer satisfaction. - Reducing the risk of theft, spoilage, or obsolescence. - Providing accurate inventory data to support informed decision-making.
Inventory control can be supported by various tools and technologies, such as barcode scanners, radio frequency identification (RFID) tags, inventory management software, and warehouse management systems (WMS).
Example or usage in road freight logistics

Example or usage in road freight logistics:

In road freight logistics, effective inventory control is essential for ensuring that goods are transported in a timely and efficient manner. Logistics companies must track the movement and storage of inventory items at various stages, including pick-up, transportation, and delivery. By implementing robust inventory control methods, logistics companies can optimize their operations, reduce costs, and better serve their clients.

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