Tag: what is inventory management

In recent years, there has been an incredible increase in the use of robots in the workplace. From manufacturing to retail, distribution, and electronics, robots are everywhere. One of the things they do best is managing inventory. Read on to learn what is inventory management, what it means to your company, and why it's essential. Basics of Inventory Management Inventory management is the process of monitoring. It includes understanding the amount of inventory needed and monitoring demand. It helps utilize items that are used to create a product. An inventory manager needs to...