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Stock Management

Stock Management is a science primarily about specifying the shape and placement of stocked goods. It is the function of understanding the stock mix of a company and the different demands on that stock. Stock management is required at different locations within a facility or within many locations of a supply network to precede the regular and planned course of production and stock of materials. The scope of inventory management concerns the fine lines between replenishment lead time, carrying costs of inventory, asset management, inventory forecasting, inventory valuation, inventory visibility, future inventory price forecasting, physical inventory, available physical space for inventory, quality management, replenishment, returns and defective goods, and demand forecasting. Balancing these competing requirements leads to optimal inventory levels, which is an ongoing process as the business needs shift and react to the wider environment.


  • Capable in efficiently identifying and locating items.