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Inventory control is essential for any organization that wants to optimize its merchandising process.
Having the right system in place allows better tracking of products, more organization, accurate data and reporting, and improved warehouse efficiency—all leading to increased revenue.
Objectives of inventory control
Inventory control is the part of your inventory management system that involves what’s currently in stock.
It’s about knowing the condition and location of items and controlling when they arrive and leave the warehouse.
A proper inventory control system not only details how much of an item is available, but it also knows when supplies are coming in and when packages are going out.
It maximizes and controls every aspect of the stock in the warehouse.
The purpose of inventory control is to help warehouses with improving loss prevention, optimizing inventory spaces, and creating less over or understocking.
