The major issue for researchers is no longer to learn what the ill effects of divorce. are, but to understand the extent of these effects on children and grandchildren. and to identify ways of reversing their intergenerational cycle.
DEFINITION of 'Inventory Management'. Inventory management is the overseeing and controlling of the ordering, storage and use of components that a company will use in the production of the items it will sell as well as the overseeing and controlling of quantities of finished products for sale.REAKING DOWN 'Inventory Management'. Successful inventory management involves creating a purchasing plan that will ensure that items are available when they are needed (but that neither too much nor too little is purchased) and keeping track of existing inventory and its use.
Inventory items are valuable business assets, whether the inventory consists of products in development, final products or simply raw materials. Business managers seek to control the inventory, so raw materials and products do not expire and become financial waste for the company. While some inventory methods are suited for small businesses, others are ideal for larger business inventories.