Inventory control

Inventory control is the supervision of supply, storage and accessibility of items in order to ensure an adequate supply without excessive oversupply.

It can also be referred as internal control - an accounting procedure or system designed to promote efficiency or assure the implementation of a policy or safeguard assets or avoid fraud and error etc.

Inventory control may refer to:

• In economics, the inventory control problem, which aims to reduce overhead cost without hurting sales
• In the field of loss prevention, systems designed to introduce technical barriers to shoplifting

It answers the 3 basic questions of any supply chain: 1. When? 2. Where? 3. How much?

See also

• Inventory
• Inventory control system
• Inventory management software
• Operations management
• Supply chain management
• Warehouse management system

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