Warehouses aren't just for storage; they're centers of organized activity. Inventory management ensures that the right amount of stock is available at the right time. Through periodic and perpetual counting methods, as well as tools like barcode scanners and WMS, businesses can maintain accuracy.
Inventory is money sitting on shelves. Managing it effectively is key:
- Definition: Inventory management ensures the right goods are available in the right quantity at the right time.
- Importance: Overstock wastes money; understock loses sales.
- Counting Methods:
- Periodic: Inventory counted at regular intervals.
- Perpetual: Continuous counting, often with technological aid like barcodes.
- Inventory Tools: Modern tools, from RFID tags to advanced WMS, track and manage stock efficiently.
