Inventory is a buffer of products or goods available in different stages held by an organization. These inventories can be finished products, raw materials, and work-in-progress. The inventory list is used to track and o… See more

Inventory is a collection or stock of goods or products. It’s necessary to organize the stock of goods or products in an efficient way to avoid any problems regarding the management of inventory. Different types of inventory a… See more

Some essential tips for inventory management are as follows: 1. Follow the method of First-In-First-Out (FIFO) to sell the items that come first in your stock. 2. Update your inventory list at the end of the day with a … See more

Some basic purposes of an inventory list are as follows 1. To organize current stock records 2. To save money or time 3. To maintain smooth operations 4. To maintain a balance of supply and demands 5. To prevent fut… See more