Inventory controlling is a term that is composed of the German word “inventory” and the English “control”, which means to control or direct. It belongs to the area of materials management and comprises detailed analysis methods that are used to monitor, evaluate and adjust inventories accordingly.
1. The actual inventory in the warehouse
2. The physically available inventory
3. The book inventory
The aim of inventory controlling is to optimize the warehouse and thus maintain an overview in an increasingly competitive market environment. The aim is to optimize inventory quantities and processing times.
- inventory turnover,
- The total range of the inventory,
- The total value of inventory,
- The breakdown of inventory value, differentiated by:
- inventory handled,
- capital tied up in safety stocks,
- unmoved assets or depreciated value.
