GLOSSARY

Inventory Management

The process used by companies for overseeing and controlling the storage, ordering, and usage of goods.

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What is Inventory Management?

Inventory management can be used to organize orders of goods that are highly requested, and keep a record of the equipment needed to carry them. This can prevent stockouts and reduces transportation costs for shippers.

Inventory Management Systems (IMS) are often used by third party logistics providers focused on offering warehousing and even fulfillment services.

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