The supervision of supply, storage and accessibility of items in order to ensure an adequate supply without excessive oversupply.
What is it?
Inventory control is finding the balance between not running out of a given item while not having an excess on hand that takes up space and is not being readily sold to customers.
Why is it important?
Proper inventory control is necessary for multiple reasons. It can reduce unnecessary costs for the store, keep customers satisfied, and promote positive loss prevention strategies.