Inventory - Free Essay Examples and Topic Ideas

Inventory refers to the stock of products or materials that a business owns and intends to sell or use in its daily operations. Inventory management involves tracking and controlling the flow of goods through a company’s supply chain, from purchase to storage to delivery. Effective inventory management can help a business reduce costs, improve customer satisfaction, and increase profitability. Common types of inventory include raw materials, work in progress, finished goods, and maintenance, repair, and operations (MRO) inventory.

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