What are inventory management examples?

Inventory management is the art and science of ordering, storing, and using a company's inventory- the raw materials, components, and finished products that a company uses in its business. There are several different types of inventory management systems, but all share the same goal- to ensure that a company has the right inventory on hand, at the right time, and in the right quantity. The main types of inventory management systems are- -Just in time (JIT) inventory system -Kanban inventory system -Economic order quantity (EOQ) system