Managing your inventory is probably one of the most important functions a compan

Question

Managing your inventory is probably one of the most important functions a company has, however, it is probably one of the most overlooked that contributes to the success of a company. No one thinks about inventory management until that item we need is not available when we need it the most. If your company creates products your focus has to be on the inventory levels of your raw goods. Just one item not being at the level needed or on hand can ruin the relationship with your customers. Especially in today's world, where we want that product or service to be created or available to us immediately. If a company puts in place to support its inventory management control a system that captures transaction and records data related to the production and service provided to customers, a company can analyze historical data and predict the proper levels of its inventory.

Explanation / Answer

Its nicely written. You can also look into the inventory management system of Amazon and flipkart for reference

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