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Inventory control definition9/10/2023 ![]() ![]() Inventory control starts with having an accurate picture of your overall stock levels, but it doesn’t end there. The best way to achieve this aspect of inventory control is with tracking software to monitor stock levels digitally. If you know exactly how many units of each item you have in real-time, it’s far easier to get an accurate picture of how these levels change over time. Here’s a quick rundown of the four main ways accurate inventory control can help your ecommerce business. But when you get it wrong, everything seems to go downhill fast. When you get your inventory control right, everything flows smoothly. Inventory control is a vital part-perhaps the most crucial part-of your inventory management strategy. This can involve your warehouse management system, real-time inventory tracking, and your process when scanning in new stock deliveries. Inventory control refers specifically to one section of your inventory management strategy-at a focused, operations level. First, inventory control is part of the larger topic of inventory management. You might sometimes see these terms being used interchangeably-but there are a few important differences between the two. The goal is to assess then optimize your storage and stock levels so that you’ve got just the correct number of each product on hand at all times. Inventory control is the process used to ensure you’re keeping the optimum stock levels for individual products. Taking the time to transform your inventory control from average to outstanding leads to plenty of benefits, including improving your customer journey, reducing costs, and helping you find that perfect balance between supply and demand. Moving away from ad-hoc inventory control is well worth the effort. When it comes to pulling this off-one thing can help turn your business into a star performer-and that’s accurate inventory control. And balancing consumer demand with ever-changing supply chain challenges can feel like the ultimate challenge. As an ecommerce retailer, you’re probably constantly moving between a lot of different tasks.
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