Inventory management website template
Build an Inventory Management System powered with Airtable data to keep track of all your inventory-related assets.
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FAQ
Inventory management covers entire process of managing company inventories from raw materials to products ready to be sold. It involves ordering, storing, using and selling the company’s inventories. The main purpose of inventory management is to organize the whole process efficiently in order to avoid both surplus and shortage.
Just-in-Time (JIT) and Materials Requirement Planning (MRP) are the two main approaches to inventory planning and control. The MRP method tracks customer demand to find out which materials and goods are needed and when. On the other hand, JIT’s goal is to make sure that production takes place only when the product is needed and that materials are made available just before production in order to minimize inventory-related costs.
If you are selling any sort of physical products, that adopting an effective inventory management system can certainly help you keep everything under control and improve decision-making. Stock fulfillment decisions work best when they rely on accurate data. That’s why having a detailed overview of your entire supply chain along with your orders, stock numbers, vendors, etc. will help you oversee potential issues and stay efficient.
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