Warehouse Management Training Kit

Inventory is considered one of the main elements that make up current assets, so the subject of inventory management and choosing the method that must be applied to handle inventory needs great attention, given its important impact on determining the cost of products and the cost of sales, and therefore on measuring the organisation's income and financial position, and on the services the organisation provides, whose impact is reflected on the customer.

The importance of inventory in industrial projects increases to the degree that it affects their success in achieving their goals. Indeed, the efficiency of these projects has come to be measured by their ability to retain the materials they will need in the future, as inventory operations are considered a basic stage of the production process, whether in the field of producing goods or providing services, and economic activity in general is never free of inventory work, from the time raw materials are extracted from their natural sources, through the stages of transporting them to production centres and selling them, until they reach the consumer.