Explained Processes & Best Practices to Improve Inventory Management
Are you managing Inventory efficiently? We know every organization tries to do the inventory management right way, but they are not able to do so! The reason is inventory management is not simple actually it is very complex! That is why the organization needs to implement inventory management software in the organization. The inventory management software market is growing! According to Global Market Insights , “Inventory Management Software Market size crossed USD 3 billion in 2019 and is estimated to grow at a CAGR of over 5% from 2020 to 2026.” What Is the Inventory Management Process? The inventory management process allows you to manage inventory efficiently. It is the procedure of ordering storing and selling inventory. Also Read: What Are the Various Strategies to Improve Inventory Management? This also includes management of raw materials, finish products, MRO (Maintenance repair operation) parts. Supply chain management to warehouse management is also pa...