• INTRODUCTION Inventory managment is the artwork and science of attaining the set targets of deciding to buy the materials at the lowest viable costs

• INTRODUCTION
Inventory managment is the artwork and science of attaining the set targets of deciding to buy the materials at the lowest viable costs, making sure sufficient go with the flow and making the mosteconomical use of such materials in order that the total cost of production is minimized through the creation of such an environment that would enable the humans make a contribution tothe success of the objectives with least quantity of such inputs as money, time, materialetc. On the different hand, inventory manipulate is the science primarily based art of making sure that enough inventory is held via an agency to meet economically both its internal and externaldemand commitments. There can be dangers in holding both too a good deal or too littleinventory, as such, inventory control is principally concerned with acquiring the correctbalance or compromise between these two extremes. It is therefore, the extent that should be held that administration is interested in.