Answer:
The inventory management is basically fulfill the needs of the customer and enable the organization or company for providing the effective and good services to their customers. The inventory management protects the organization from the demand fluctuation and the products.
The inventory management is important because of the following ways:
- It maintain and keep checking all the right stock in the organization.
- It also reducing the risk of the loss and control the flow of the production in the company.
- It integrated the whole business and production of the particular organization.
- It provide high efficiency and also helps to increase the production.
