THE RELEVANCE OF INVENTORY MANAGEMENT ON A SUPERMARKET

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SUMMARY

Inventory management is recognized as one of the areas management of any organization should acquire capability. The ability of any organization to evolve effective inventory control management system will depend on the extent to which it perceives the benefits it stands to gain from such program in general the findings that emerged from this study have  indicated that organizations stand to gain a lot from effective inventory control management system some of this benefit include optimal use of resources , cost reduction, improved profitability, improved sales effectiveness, reduction of waste, transparency and accountability, easy storage and retrieval of stock, high inventory utilization amongst others, however, in order to achieve all these , organizations have to maintain flexible inventory service.

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