Inventory Management

Inventory management, a pivotal subset of supply chain management, empowers enterprises to oversee diverse facets and stages of products within their inventory. This encompasses monitoring inventory levels, orders, sales, deliveries, and the generation of crucial documents such as work orders, receipts, and bills of materials. These elements collectively contribute to the smooth and efficient operation of the business by implementing an advanced inventory management system.

In straightforward terms, inventory management is the systematic process by which a business determines optimal supply quantities and order timings. This comprehensive system facilitates end-to-end tracking of stock, from the procurement phase to the final sale.

Learn more about Ivalua's inventory collaboration solutions.