Inventory planning and control are functions relating to inventory management. Business owners pay close attention to inventory as it usually represents the second largest expense in their businesses.

Various inventory control methods exist. For the small business, the inventory control method used has a major impact on the business's cash flow and operational cost. Whatever inventory control ...

An inventory control system is a system the encompasses all aspects of managing a company’s inventories; purchasing, shipping, receiving, tracking, warehousing and storage, turnover, and reordering.