Inventory Management and control process


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Inventory Management includes the integrated management and control of assigned items of material. The work involves a number of processes such as:

Requirements Determination – Planning for and determining current and future supply requirements to meet customer needs;

Material Distribution – Planning and determining the distribution and positioning of supplies among major supply stations, stock points, or using activities;

Procurement Authorization – Preparing recommendations and directives for the procurement of material, indicating the types of items, quantities, and at all times, the sources; and

Funds Management – Analyzing planned or scheduled material requirements and forecasts to determine categories and quantities of items, as well as funds required.

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We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected]

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