// ROBOTICS AND SMART FACTORIES TERM
Inventory Control
Inventory control is the process of managing the amount of stock a company holds, ensuring there's enough to meet demand without holding excessive quantities.
TECHNICAL DEFINITION
Inventory control is the systematic management of stock levels within a supply chain, focusing on tracking, ordering, storing, and utilizing inventory to balance customer demand with operational costs and minimize waste.
BACKGROUND
Lean manufacturing is a management system built on three principles: produce only what is needed, when it is needed; correct abnormalities as soon as they occur; and empower workers to improve the process themselves.
READ MORE ON WIKIPEDIASYNONYMS & ALIASES
- Stock management
- inventory management
- stock control
- materials control
USAGE NOTE
Effective inventory control prevents both stockouts and overstocking, optimizing working capital.
DEVELOPERS
Organizations developing technology related to Inventory Control.
Develops enterprise resource planning (ERP) software that includes comprehensive modules for inventory management, supply chain optimization, and real-time visibility for manufacturing operations.
Provides cloud-based supply chain management (SCM) and enterprise resource planning (ERP) solutions with advanced inventory management, demand planning, and warehouse management capabilities for industrial clients.
Specializes in hardware and software solutions for real-time asset visibility, including RFID, barcode scanning, and mobile computing, enabling precise inventory tracking and management in manufacturing and logistics.
Offers industry-leading supply chain commerce solutions, including warehouse management systems (WMS) and inventory optimization software critical for efficient inventory control in complex manufacturing and distribution environments.
Provides AI-powered supply chain planning and execution solutions, including inventory optimization, demand forecasting, and warehouse management to help manufacturers achieve precise inventory control.
Develops a cloud-based concurrent planning platform that helps companies manage their supply chains, including robust capabilities for demand planning, inventory optimization, and sales and operations planning (S&OP).
Offers industrial automation and digital transformation solutions, integrating control systems with manufacturing execution systems (MES) and enterprise systems to provide real-time inventory visibility and control on the factory floor.
Provides software solutions for manufacturing operations management (MOM) and product lifecycle management (PLM) that integrate production planning, execution, and quality management, with features supporting inventory visibility and optimization.