INVENTORY MANAGEMENT SYSTEM:
Inventory management is the process of efficiently overseeing the constant flow of units into and out of an existing inventory.The objective of inventory management is to provide uninterrupted production, sales, and/or customer-service levels at the minimum cost. Since for many companies inventory is the largest item in the current assets category, inventory problems can and do contribute to losses or even business failures. Also called inventory control.Inventory management is not limited to documenting the delivery of raw materials and the movement of those materials into operational process