What is Inventory Management, Supply chain & Cycle count ?

Question

Accepted Answer

Inventory management is the process of overseeing the flow of goods from manufacturers to warehouses and from these facilities to point of sale.

Inventory management involves tracking inventory levels, ordering new products, and managing stock levels to ensure that there is always enough inventory on hand to meet customer demand.
Supply chain management involves coordinating the movement of goods from suppliers to manufacturers to warehouses to retailers to customers.
Cycle count is a process of counting a small amount of inventory on a regular basis to ensure that inventory levels are accurate and to identify any discrepancies.
Effective inventory management and supply chain management can help businesses reduce costs, improve efficiency, and increase customer satisfaction.

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