Inventory Management and control process


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.

Like it? Share with your friends!

BMS Team

We, at, 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]


Facebook comments:

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Voting to make decisions or determine opinions
Formatted Text with Embeds and Visuals
The Classic Internet Listicles
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Upload your own images to make custom memes
Youtube, Vimeo or Vine Embeds
Soundcloud or Mixcloud Embeds
Photo or GIF
GIF format