Inventory control

Inventory control - supervision of the supply and storage and accessibility of items in order to insure an adequate supply without excessive oversupply

It can also be referred as internal control - an accounting procedure or system designed to promote efficiency or assure the implementation of a policy or safeguard assets or avoid fraud and error etc.

Inventory control can refer to several concepts:

• In economics, the inventory control problem, which aims to reduce overhead cost without hurting sales.
• In the field of loss prevention, systems designed to introduce technical barriers to shoplifting.

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It answers the 3 basic questions of any supply chain: 1. When? 2. Where? 3. How much?