Imagine a warehouse filled with products, all of it just waiting to be picked up by a consumer. In order to fulfill orders, inventory must be received first. In order to maximize accessibility and space, businesses strategically keep the products they purchase from suppliers or manufacturers in warehouses. Here, efficient inventory control is essential since things that are lost or missing can cause delivery delays and unhappy customers.
For students pursuing a BBA in Logistics Management, it is crucial to become proficient in inventory control strategies. Managing inventory levels, cutting waste, and optimizing storage options are all highly regarded skills in the logistics sector.