ABSTRACT
The role of inventory management The success of a venture depends on its ability to provide services to customers or users and remain financially viable. For an organization which is supplying goods to its customers, the major activity is to have suitable products available at an acceptable price within a reasonable timescale. Many parts of a business are involved in setting up this situation. Initially these are the marketing and design departments. Then purchasing, and in some cases, manufacture is involved. For an item which is already in the marketplace, the main activity is providing a continuity of supply for the customers.
