Role of Inventory Management and Control in A Manufacturing Company

Abstract

Abstract: A manufacturing company's performance depends on efficient inventory management and control. Inventory control and management play a crucial role in meeting customer demand, controlling costs, planning production effectively, ensuring quality, and managing cash flow. This paper discusses the role of inventory control and management in a manufacturing company and highlights the key ways in which inventory control and management are important to the success of a manufacturing company. The system's goal is to bridge the substantial gap between inventory management theory and practice and let industrial inventory managers conduct effective and successful inventory management.