# Inventory management

*Last updated: 2026-06-22*

> Inventory management is the systematic planning, control, and oversight of stock levels across all stages of the supply chain.

Inventory management is the systematic planning, control, and oversight of stock levels across all stages of the supply chain. Its core aim is reliable product availability while keeping capital tied up in stock to a minimum and avoiding wasted storage capacity. Practitioners draw on methods such as ABC classification, demand forecasting, and cycle counting to strike the right balance between service levels and cost efficiency. Inventory management should be distinguished from an inventory management system, which is the software infrastructure on which these processes run – the discipline itself is broader and technology-independent. It applies equally in freight operations, manufacturing, and trading companies.

**Source:** [https://en.wikipedia.org/wiki/Inventory_management](https://en.wikipedia.org/wiki/Inventory_management)

## Quick Facts

| Property | Value |
|---|---|
| Term | Inventory management |
| Language | EN |
| Word count | 103 |
| Last updated | 2026-06-22 |
| Source | https://en.wikipedia.org/wiki/Inventory_management |

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