The process of managing inventories involves delivering the right inventory at the right time in the right quantity to customers while still keeping the cost of maintaining the inventory to a minimum. Companies that apply best practices use a variety of techniques and technologies to improve inventory management. They utilize cycle-counting techniques to keep an accurate count of existing inventory as well as historical and predictive forecasting techniques to assess future inventory needs.

This tool contains leading practices an organization can use to evaluate and manage its inventory process.