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A PROJECT Reports CAMPUS RECRUITMENT MANAGEMENT SYSTEMSubmitted to the Bangalore University in partial fulfillment of the requirement for the award of the degree in Bachelor of Computer ApplicationsSubmitted
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01
Determine the type of inventory being managed (raw materials, work in progress, finished goods, etc.)
02
Implement an inventory management system or software to track inventory levels and transactions
03
Set up inventory categories and codes for easy organization
04
Establish reorder points and reorder quantities to avoid stockouts
05
Conduct regular inventory audits to ensure accuracy and identify any discrepancies
06
Analyze inventory data to make informed decisions on purchasing, production, and pricing

Who needs inventory management - a?

01
Retailers
02
Manufacturers
03
Distributors
04
Wholesalers
05
Any business that deals with physical goods and wants to efficiently manage their inventory
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Inventory management is the process of overseeing and controlling the ordering, storage, and use of a company's inventory.
All businesses that have physical inventory are required to manage their inventory.
Inventory management can be filled out by keeping accurate records of incoming and outgoing inventory, conducting regular audits, and utilizing inventory management software.
The purpose of inventory management is to ensure that a company has the right amount of inventory on hand at all times to meet customer demand while minimizing excess inventory and associated costs.
Information such as item description, quantity on hand, unit cost, total value of inventory, and sales data may be reported on inventory management.
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