Inventory management refers to the process of overseeing and controlling the flow of goods in and out of a company’s inventory. It aims to ensure a balance between customer demand and stock availability, while minimizing the associated costs.
It involves planning optimal stock levels, forecasting demand, managing orders and replenishments, and controlling stock movements and rotation.
Inventory management is a fundamental pillar of business performance. It enables us to guarantee product availability, respond effectively to customer demand and optimize costs. Rigorous management limits out-of-stocks, avoids costly overstocking and improves stock rotation.
Beyond the operational aspect, good inventory management is a key factor in strategic decision-making. It provides visibility on consumer trends, anticipates supply needs and smoothes the entire logistics chain. In short, it plays a key role in a company’s profitability, customer satisfaction and competitiveness.
