Accountancy, asked by babloo3121, 1 year ago

What is inventory? what is inventory control? what are its advantages?

Answers

Answered by vermabrowny3
1
Inventory is a complete list of items such as property , goods in stock or the contents of a building.

Inventorycontrol is coordination and supervision of the supply, storage, distribution and recording of materials to maintain quantities adequate for current needs withoutexcessive oversupply or loss .

It's advantages
It maintains the right balance of stock in warehouses.
It is a deeper understanding of customer demand for products.

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