Effective inventory management reflects a company's potential ... is really important to being a successful investor. A fuller definition: Inventory is the accounting of finished goods, component ...

In pure inventory management terms, the service side of this equilibrium is interpreted as filling a product need in the right place, at the specified time, in the quantities desired and at the price ...

You can even control inventory right at the cash register with point-of-sale (POS) software systems. POS software records each sale when it happens, so your inventory records are always up-to-date.

Just in time (JIT) inventory control systems occur when a business holds no stock and instead relies upon deliveries of raw materials and components to arrive exactly when they are needed.

An itemized list or catalog of the stock of a business There's more to inventory control than simply buying new products. You have to know what to buy, when to buy it and how much to buy.