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Inventory management refers to the process of overseeing and controlling the flow of goods in and out of a company’s inventory. It is an essential aspect of, as it ensures that the right amount of inventory is available at the right time to meet customer demand.

Inventory management involves keeping track of current stock levels, monitoring sales trends, and forecasting future demand.

This allows businesses to optimize their inventory levels, minimize carrying costs, and avoid stockouts or overstock situations.