What is store inventory control?

Definition

Store inventory control is the process of tracking the retail inventory of a store to make sure that it is balanced. This means that the number of products is equal to or less than the amount of money in the cash register. Retailers need to be able to control their inventory because they need to be able to accurately predict what their costs will be and how much they will sell to determine their profit margin. The goal of this process is to match production with demand, resulting in the efficient use of money for both retailers and customers.