Procurement Basics: Inventory Management

Welcome to the “Inventory Management” lesson that outlines the inventory life cycle and inventory management best practices. This lesson is the last of five in the “Procurement Basics” course, which explores how procurement should meet the needs of the business and the processes that surround production and inventory planning. After viewing this lesson, learners will understand the importance of an inventory management program, tracking product information, auditing inventory, and ordering their own restocks.