: Categorizing inventory based on value or turnover: Category A : High-value items requiring strict control. Category B : Moderate-value items with medium control. Category C : Low-value items with loose control. Key Pillars of Production Management The Importance of Inventory Management in Supply Chain

Inventory management is the discipline of tracking and controlling goods to ensure the right products are available at the right time.

: Determining reorder points (when to buy) and reorder quantities (how much to buy) based on lead times and safety stock needs.

: Using historical sales data and market trends to predict future customer needs.