{"id":658,"date":"2025-10-04T15:55:24","date_gmt":"2025-10-04T15:55:24","guid":{"rendered":"https:\/\/www.hashmicro.com\/blog\/?p=658"},"modified":"2026-01-30T08:43:55","modified_gmt":"2026-01-30T08:43:55","slug":"inventory-management","status":"publish","type":"post","link":"https:\/\/www.hashmicro.com\/blog\/inventory-management\/","title":{"rendered":"Inventory Management: Definition, How It Works &#038; Example (2026)"},"content":{"rendered":"<p>As a business professional, I\u2019ve seen how inventory management is essential for smooth operations. It involves controlling the ordering, storage, and usage of inventory to meet demand efficiently without overstocking.<\/p>\n<p>Companies using optimized <a href=\"https:\/\/firework.com\/blog\/inventory-management-statistics-ecommerce\" target=\"_blank\" rel=\"noopener\">inventory systems<\/a> often achieve up to a 30% improvement in order fulfillment, minimizing delays and boosting customer satisfaction. With the right tools, I can balance supply and demand while reducing costly stock issues.<\/p>\n<p>This article explains what inventory management is, why it matters, the benefits it delivers, and the <a href=\"https:\/\/www.hashmicro.com\/blog\/inventory-management-system-features\/\">key features<\/a> behind an effective inventory process, so inventory stays accurate, available, and under control as operations scale.<\/p>\n<table style=\"border-collapse: coacllapse; background-color: #fffacd; border-radius: 25px 25px 25px 25px;\" width=\"100%\">\n<tbody>\n<tr>\n<td style=\"padding: 15px; border: none;\">\n<h3 style=\"margin-bottom: 10px;\"><span style=\"background-color: #990000; color: #ffffff; padding: 5px;\"><b>Key Takeaways<\/b><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"#inventory-management\">Inventory management<\/a> is the process of overseeing and controlling stock levels, orders, sales, and deliveries to ensure optimal inventory levels.<\/li>\n<li>Businesses often face <a href=\"#chall\">stock control challenges<\/a> that can hinder growth and profitability.<\/li>\n<li>Effective inventory strategy involves using various <a href=\"#methods\">methods<\/a> tailored to a business&#8217;s needs.<\/li>\n<li>Understanding <a href=\"#diff\">the differences between inventory management and other processes<\/a> is vital for optimizing operational efficiency.<\/li>\n<li>The right <a href=\"https:\/\/www.hashmicro.com\/inventory\">Inventory Software<\/a> offers a comprehensive solution for streamlining and automating inventory processes.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span id=\"inventory-management\"><a href=\"https:\/\/www.hashmicro.com\/free-product-tour\/?medium=free-product-tour\" target=\"_blank\"><img decoding=\"async\" loading=\"lazy\" width=\"712\" src=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/11\/Free-Product-Tour-resized.webp\" alt=\"Free Demo\"><\/a> <!-- <div id=\"toc_group_article\" style=''>\r\n\t<p style='font-size:25px;font-weight:bold; margin-bottom:0px'>\r\n\t\tTable of Content:\r\n\t<\/p>\r\n\t<ul id=\"list_toc\" class='list_toc'><\/ul>\r\n<\/div> -->\r\n\r\n<!-- <div class=\"dropdown-fixed-top\" id=\"dropdown-fixed-top\">\r\n\t<div class=\"row\">\r\n\t\t<p id=\"pilihDaftarIsi\">Table of Content<\/p>\r\n\t\t<p><i class=\"td-icon-menu-down\"><\/i><\/p>\r\n\t<\/div>\r\n\t\r\n\t<div>\r\n\t\t<ul id=\"list_toc_top\" class='list_toc'><\/ul>\r\n\t<\/div>\r\n<\/div> -->\r\n\r\n<div id=\"placeholder-toc\"><\/div>\r\n<div id=\"toc\">\r\n    <div class=\"header\">\r\n\t<span class=\"toc-title\" id=\"toc-title\">Table of Content<\/span>\t\r\n\t <i class=\"toc-icon\">\r\n        <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"30\" height=\"30\" viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"#000\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" class=\"header-icon\">\r\n          <path d=\"m6 9 6 6 6-6\" \/>\r\n        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#fff;\r\n\t\twidth: 100%;\r\n\t\tcursor: pointer;\r\n\t\tdisplay: none;\r\n\t\tleft: 0;\r\n\t\tbox-shadow: 0 -2px 7px 6px rgba(0, 0, 0, 0.17);\r\n\t}\r\n\t\r\n\t#dropdown-fixed-top.show {\r\n\t\tanimation: showAnim 0.5s ease;\r\n\t\tdisplay: block;\r\n\t\topacity: 1;\r\n\t}\r\n\t\r\n\t@keyframes showAnim {\r\n\t\tfrom {\r\n\t\t\tdisplay: none;\r\n\t\t\topacity: 0;\r\n\t\t}\r\n\t\tto {\r\n\t\t\tdisplay: block;\r\n\t\t\topacity: 1;\r\n\t\t}\r\n\t}\r\n\t\r\n\t.dropdown-fixed-top #list_toc_top {\r\n\t\tmax-height: calc(50vh - 110px);\r\n\t\toverflow-y: scroll;\r\n\t}\r\n\t\r\n\t.dropdown-fixed-top .row {\r\n\t\tdisplay: flex;\r\n\t\tjustify-content: space-between\r\n\t}\r\n\t\r\n\t.dropdown-fixed-top .row p {\r\n\t\tmargin-bottom: 0;\r\n\t}\r\n\t\r\n\t#pilihDaftarIsi {\r\n\t\tmax-width: 100%;\r\n\t\toverflow: hidden;\r\n\t\twhite-space: nowrap;\r\n\t}\r\n\t\r\n\t@media (min-width: 1018px) {\r\n\t\t.dropdown-fixed-top {\r\n\t\t\tdisplay: none;\r\n\t\t}\r\n\t}\r\n\t\r\n\t#list_toc li {margin-bottom: 0;margin-top: 5px;}\r\n\t#list_toc > li > ul {padding-left: 20px;margin-bottom: 0;}\r\n\t#list_toc{height:max-content;transition:ease-in-out}\r\n\t#list_toc li {margin-bottom: 0;margin-top: 5px;}\r\n\t#list_toc_float li.active > a {color:#b1252d;background: #ffe1e3;}\r\n\t#list_toc_top li.active > a {color:#b1252d;background: #ffe1e3;}\r\n\t#list_toc_float li a {padding:3px 7px}\r\n\t#list_toc_float li a {\r\n\t\tdisplay: block;\r\n\t\tcolor: #000;\r\n\t\tmargin-bottom: 6px;\r\n\t\tpadding-top: 2px;\r\n\t\tpadding-bottom: 2px;\r\n\t\ttransition: all 0.2s ease-in-out;\r\n\t\tfont-size: 15px;\r\n\t\tline-height: 18px;\r\n\t}\r\n\t#list_toc_float li{list-style:none;list-style-position:inside; margin-left:0;}\r\n\t#list_toc_float a:hover{color:#b1252d;}\r\n\t\r\n\t#toc_group_float{\r\n\t\tline-height: 24px;\r\n\t\tmax-height: calc(100vh - 100px);\r\n\t\toverflow: auto;\r\n\t\tz-index: 99;\r\n\t\tdisplay:none!important;\r\n\t\tbackground:#fff;\r\n\t\ttransition:all 0.5s linear\r\n\t}\r\n\t\r\n\t@media (min-width:1019px){\r\n\t\t#toc_group_float {\r\n\t\t\tdisplay:block!important;\r\n\t\t\t}\r\n\t\t\t\t#toc_group_article {\r\n\t\t\tdisplay:none;\r\n\t\t}\r\n\t}\r\n\r\n<\/style>\r\n\r\n<!-- ToC styling  -->\r\n<style>\r\n\t\/* Simple styling for the TOC *\/\r\n\t\r\n\t#toc ul li:last-child {\r\n    padding-bottom: 16px; \/* Adjust the value as needed *\/\r\n}\r\n\r\n.td-fix-index {\r\n\t transform: unset !important;\r\n     -webkit-transform: unset !important; \r\n}\r\n.footer-contact .td-fix-index {\r\n\t transform: translateZ(0) !important;\r\n     -webkit-transform: translateZ(0) !important; \r\n}\r\n\t.tdb_single_content .tdb-block-inner.td-fix-index{\r\n\t\tposition: static;\r\n\t}\r\n\t\r\n\r\n\t\r\n#toc {\r\n  background-color: #FFF;\r\n\tpadding: 17px 24px 0px 24px !important;\r\n  margin-bottom: 20px;\r\n\/*   border: 1px solid #9C171E; *\/\r\n  border-radius: 6px;\r\n\tdisplay: none;\r\n  max-width: 100%;\r\n  transition: .4s ease height;\r\n\tmargin-left: 0;\r\n\toverflow: hidden;\r\n}\r\n\r\n#toc .header{\r\n  display: flex;\r\n  align-items: center;\r\n  justify-content: space-between;\r\n\tbackground-color: transparent;\r\n}\r\n\t\r\n\t#toc.sticky .header{\r\n\t\tpadding: 4px 0;\r\n\t}\r\n\t\r\n.header p{\r\n  font-size: 18px !important;\r\n  font-weight: 600 !important;\r\n  color: #393939;\r\n   margin-bottom: 0;\r\n  \/* margin-top: 20px; *\/\r\n}\r\n\r\n.toc-icon{\r\n  float: right;\r\n\/*   visibility: hidden; *\/\r\n}\r\n\r\n\t.toc-title{\r\n\t\tmargin-right: auto;\r\n\/* \t\tpadding-left: 20px; *\/\r\n\t\tfont-weight: 600;\r\n\t\talign-self: center;\t}\t\r\n\r\n#toc ul {\r\n  list-style-type: none;\r\n  padding-left: 0;\r\n}\r\n\t\r\n#toc.sticky ul{\r\n\toverflow-y: auto;\r\n\tmax-height: 250px;\r\n\tmargin-top: 0px;\r\n\tpadding-top: 20px;\r\n\/* \tborder-top: 1px solid #d3d3d3; *\/\r\n}\r\n\t\r\n#toc ul li {\r\n\/*   margin-bottom: 10px; *\/\r\n  margin-bottom: 10px;\r\n\tmargin-left: 0;\r\n\ttransition: .2s ease;\r\n\tcursor: pointer;\r\n}\r\n\t\r\n\t#toc.sticky ul li {\r\n\t  margin-right: 10px;\r\n\t}\r\n\t\r\n.td-post-content #toc-list li a:hover, .td-post-content #toc-list a.active{\r\n\tbackground-color: #FFF;\r\n\/* \tpadding: 8px 16px 8px 16px; *\/\r\n\tpadding: 4px 16px 4px 16px;\r\n\tborder-radius: 6px;\r\n\tcolor: #9c171e !important;\r\n\tfont-weight: 600 !important;\r\n}\r\n\t\r\n\t.td-post-content #toc-list li:hover a, .td-post-content #toc-list a.active{\r\n\t\tcolor: #9C171E !important;\r\n\t\tfont-weight: 600 !important;\r\n\t}\r\n\t\r\n.td-post-content #toc-list a.active{\r\n\tfont-weight: bold !important;\r\n\tcolor: #9C171E !important;\r\n}\r\n\t\r\n#toc a, .td-post-content #toc-list a {\r\n  text-decoration: none;\r\n  color: #ea1717 !important;\r\n  transition: .2s ease;\r\n\tfont-weight: 400 !important;\r\n\tdisplay: block;\r\n\t\r\n\tpadding: 4px 16px 4px 0;\r\n}\r\n\r\n#toc.sticky {\r\n  position: fixed;\r\n\/*   top: 73px; *\/\r\n\tbottom: 0;\r\n  z-index: 100; \r\n  box-shadow: 0 2px 5px rgba(0,0,0,0.1); \r\n\twidth: 100%; \r\n\tbackground-color: #FFF;\r\n\/* \tbackground-color: #FFF1F1; *\/\r\n\tborder-bottom: 1px solid #ea1717;\r\n\/*   border: 1px solid #393939; *\/\r\n  box-shadow: 0px 0px 14px 0px #00000040;\r\n  cursor: pointer;\r\n\tanimation: fadein .3s ease;\r\n\tpadding: 12px 16px !important;\r\n}\r\n\t\r\n\t.fadein{\r\n\t\tanimation: fadein .3s ease;\r\n\t}\r\n\t\r\n\t.fadeout{\r\n\t\tanimation: fadeout .3s ease;\r\n\t}\r\n\t\r\n\t\r\n\t@keyframes fadein{\r\n\t\t0% {\r\n\t\t\topacity: 0;\r\n\t\t}\r\n\t\t100%{\r\n\t\t\topacity: 1;\r\n\t\t}\r\n\t}\r\n\t\r\n\t@keyframes fadeout{\r\n\t\t0% {\r\n\t\t\topacity: 1;\r\n\t\t}\r\n\t\t100%{\r\n\t\t\topacity: 0;\r\n\t\t}\r\n\t}\r\n\r\n\t\r\n#toc.sticky .header p{\r\n\tmargin-bottom: 10px;\r\n\tmargin-top: 10px;\r\n}\r\n\r\n#toc.sticky .toc-icon{\r\n  visibility: visible;\r\n\/* \ttransition: 0.4s ease; *\/\r\n}\r\n\t\r\n\t.toc-icon{\r\n\t\talign-items: center;\r\n    \tdisplay: flex;\r\n\t}\r\n\t\r\n\tsvg.header-icon{\r\n\/* \t\tbackground-color: #9c171e; *\/\r\n\t\tbackground-color: #FFF;\r\n\t\tborder-radius: 30px;\r\n\t\tpadding: 5px;\r\n\t}\r\n\r\n#toc.sticky .list{\r\n\/*   max-height: 0; *\/\r\n  transition: height 0.4s ease;\r\n}\r\n\t\r\n\t#toc .list{\r\n\/*   max-height: 0; *\/\r\n  transition: height 0.4s ease;\r\n}\r\n\r\n#toc .header.active .toc-icon{\r\n\ttransform: rotate(0deg); \r\n\topacity: 1;\r\n}\r\n\r\n\t#toc .header.active + .list {\r\n\t  max-height: 200px; \/* Adjust this value as needed *\/\r\n\t  opacity: 1;\r\n\t}\r\n\t\r\n\t#placeholder-toc{\r\n\/* \t\tdisplay: none; *\/\r\n\t}\r\n\t\r\n\t@media (min-width: 768px) and (max-width: 991px){\r\n\t\t#toc.sticky{\r\n\/* \t\t\ttop: 104px; *\/\r\n\t\t\tbottom: 0px;\r\n\t\t}\r\n\t\t\r\n\t\t#toc{\r\n\t\t\twidth: unset !important;\r\n\t\t}\r\n\t}\r\n\t\r\n\t@media (max-width: 767px){\r\n\t\t#toc{\r\n\t\t\twidth: 100% !important;\r\n\t\t\tdisplay: inline-block;\r\n\t\t}\r\n\t\t\r\n\t\t#toc.sticky{\r\n\t\t\twidth: 90% !important;\r\n\/* \t\t\ttop: 81px; *\/\r\n\t\t\tbottom: 60px;\r\n\t\t\tmargin-left: auto;\r\n\t\t\tmargin-right: auto;\r\n\t\t\tpadding: 0 16px;\r\n\t\t\tright: 5%;\r\n\t\t}\r\n\t}\r\n\t\r\n\t<\/style>\r\n\r\n<!-- ToC List for mobile -->\r\n<script>\r\n \/\/ Generate TOC based on headings\r\ndocument.addEventListener(\"DOMContentLoaded\", function() {\r\n  \/\/ Get the element that will contain the TOC\r\n  const tocList = document.getElementById('toc-list');\r\n\r\n  \/\/ Get the element with the ID 'article-left'\r\n  const article = document.querySelector('.td-post-content');\r\n\r\n  \/\/ Find all h2 elements within 'myarticle'\r\n  const headers = article.getElementsByTagName('h2');\r\n\r\n  \/\/ Loop through the h2 elements and create a list item for each one\r\n  for (let i = 0; i < headers.length; i++) {\r\n    const header = headers[i];\r\n    const headerText = header.textContent;\r\n\/\/     const headerId = 'header-' + i;\r\n    const headerId = headerText\r\n    .toLowerCase()\r\n    .trim()\r\n    .replace(\/[^\\w\\s-]\/g, '')  \/\/ hapus tanda baca\r\n    .replace(\/\\s+\/g, '-'); \/\/ ganti spasi jadi \"-\"\r\n\r\n    \/\/ Set an ID for the header if it doesn't have one\r\n    header.setAttribute('id', headerId);\r\n\r\n    \/\/ Create a list item for the TOC\r\n    const listItem = document.createElement('li');\r\n\r\n    \/\/ Create a link for the list item\r\n    const link = document.createElement('a');\r\n    link.setAttribute('href', '#' + headerId);\r\n    link.textContent = headerText;\r\n\r\n    \/\/ Append the link to the list item\r\n    listItem.appendChild(link);\r\n\r\n    \/\/ Append the list item to the TOC list\r\n    tocList.appendChild(listItem);\r\n  }\r\n});\r\n\r\n\/\/ Keep height and placement of content using placeholder in place of TOC\r\ndocument.addEventListener(\"DOMContentLoaded\", function() {\r\n  const toc = document.querySelector('#toc');\r\n  const placeholderToc = document.querySelector('#placeholder-toc');\r\n\r\n  function setPlaceholderHeight() {\r\n    placeholderToc.style.height = `${toc.offsetHeight}px`;\r\n  }\r\n\r\n  \/\/ Set the initial height of the placeholder\r\n  setPlaceholderHeight();\r\n\r\n  \/\/ Update the height on window resize\r\n  window.addEventListener('resize', setPlaceholderHeight);\r\n});\r\n  const tocTitle = document.querySelector('#toc-title'); \/\/ Assuming header-faq is the element for TOC title\r\n\r\n\/\/ Sticky TOC and update heading\r\ndocument.addEventListener(\"DOMContentLoaded\", function() {\r\n  const toc = document.querySelector('#toc');\r\n  const footer = document.querySelector('.td-footer-template-wrap');\r\n  const tocParent = toc.parentElement;\r\n  const divTop = tocParent.getBoundingClientRect().top + window.pageYOffset;\r\n  const tocHeight = toc.offsetHeight;\r\n  const triggerPoint = divTop + tocHeight + 700;\r\n  const footerHeight = footer.offsetHeight;\r\n  const triggerFooterPoint = footer.getBoundingClientRect().top + window.pageYOffset - footerHeight - footerHeight - footerHeight;\r\n  const phtoc = document.querySelector('#placeholder-toc');\r\n  const headers = document.querySelectorAll('.td-post-content h2');\r\n  const navLinks = document.querySelectorAll('#toc-list a');\r\n\t\r\n\tconst panel2 = document.querySelector(\"#toc .list\");\r\n\tvar icon = document.querySelector(\".toc-icon\");\r\n\r\n  let activeLink = null; \/\/ Declare activeLink outside the loop\r\n\t\r\n  \/\/ Function to handle scroll and add\/remove .sticky class\r\n  function handleScroll() {\r\n    const windowTop = window.pageYOffset || document.documentElement.scrollTop;\r\n    let currentHeader = '';\r\n\r\n    \/\/ Highlight user progress as the heading comes\r\n    headers.forEach(header => {\r\n\t\tconst headerTop = header.offsetTop;\r\n\t\tconst headerHeight = header.clientHeight;\r\n\t\tif (window.scrollY >= (headerTop - headerHeight + 700)) {\r\n\t\t\tconst currentHeaderId = header.getAttribute('id');\r\n\t\t\tconst currentHeaderText = document.getElementById(currentHeaderId).textContent;\r\n\/\/ \t\t\tconsole.log(\"current header text:\", currentHeaderText);\r\n\t\t\ttocTitle.textContent = currentHeaderText;\r\n\t\t\tcurrentHeader = currentHeaderId;\r\n\t\t\t\r\n\t\t\tif(window.innerWidth < 767){\r\n\t\t\t\ttocTitle.textContent = 'Table of Content';\r\n\t\t\t}\r\n\t\t}\r\n\t});\r\n\r\n    navLinks.forEach(link => {\r\n      link.classList.remove('active');\r\n      if(currentHeader != '') {\r\n\t\t  if (link.getAttribute('href').includes(currentHeader)) {\r\n\t\t\t  link.classList.add('active');\r\n\t\t  }\r\n\t  }\r\n    });\r\n\/\/     if (windowTop < triggerFooterPoint) {\r\n\/\/         toc.style.display = 'block';\r\n\/\/ \t}else{\r\n\/\/         toc.style.display = 'none';\r\n\/\/ \t}\r\n    \/\/ Update TOC title if sticky\r\n    if (windowTop > triggerPoint) {\r\n      if (!toc.classList.contains('sticky')) {\r\n        phtoc.style.display = \"block\";\r\n        toc.classList.add('sticky');\r\n        toc.style.width = `${tocParent.offsetWidth}px`; \/\/ Set width to match the parent element\r\n        toc.setAttribute('style', 'width: ' + tocParent.offsetWidth + 'px !important;');\r\n        toc.style.backgroundColor = \"#FFF\";\r\n\t\tpanel2.style.height = '0px';\r\n\t\t  icon.style.transform = \"rotate(180deg)\";\r\n\t\t  if(window.innerWidth < 767){\r\n\/\/ \t\t\t  const tocs = document.querySelector('#toc.sticky');\r\n\t\t\t  tocTitle.textContent = 'Table of Content'; \/\/ Reset title\r\n       \t\t  toc.style.width = '150px'; \/\/ Set width to match the parent element\r\n\t\t  }\r\n      }\r\n      if (currentHeader) {\r\n\/\/         console.log(\"activeLink:\", activeLink);\r\n        if (activeLink) {\r\n\/\/           tocTitle.textContent = activeLink.textContent; \/\/ Update TOC title\r\n          tocTitle.textContent = activeLink ? activeLink.textContent : \"\"; \/\/ Update title only if activeLink exists\r\n        }\r\n      }\r\n    } else {\r\n      toc.classList.remove('sticky');\r\n      phtoc.style.display = \"none\";\r\n      toc.style.width = 'unset'; \/\/ Reset to original width\r\n      toc.style.backgroundColor = \"#FFF\";\r\n      tocTitle.textContent = 'Table of Content'; \/\/ Reset title\r\n\t\tpanel2.style.height = panel2.scrollHeight + \"px\";\r\n\t\ticon.style.transform = \"rotate(180deg)\";\r\n    }\r\n  }\r\n\r\n    \/\/ Attach the scroll event listener to the window\r\n    window.addEventListener('scroll', handleScroll);\r\n\r\n    \/\/ Initial call to handleScroll to set the correct state on load\r\n    handleScroll();\r\n});\r\n\t\r\n\t\/\/ Open toggle TOC\r\n\t  document.addEventListener(\"DOMContentLoaded\", function() {\r\n\t\tvar tocHeader = document.querySelector(\"#toc .header\");\r\n\t\tvar toc = document.querySelector(\"#toc\");\r\n\t\tvar icon = document.querySelector(\".toc-icon\");\r\n\t\tconst tocTitle = document.querySelector('#toc-title');\r\n\t\tconst tocs = document.querySelector('#toc.sticky');\r\n \t\tconst tocParent = toc.parentElement;\t\t  \r\n\r\n\t\t  tocHeader.addEventListener(\"click\", function() {\r\n\t\t\tvar panel = this.nextElementSibling;\r\n\t\t\tif (panel.style.height !== '0px') { \/\/ Check if height is not 0px\r\n\t\t\t  panel.style.height = '0px'; \/\/ Set height to 0 for full collapse\r\n\t\t\t  icon.style.transform = \"rotate(180deg)\";\r\n\/\/ \t\t\t\ttoc.style.paddingBottom = '6px'; \r\n\t\t\t\tif(window.innerWidth > 768){\r\n\t\t\t\t\tif(!toc.classList.contains('sticky')){\r\n\t\t\t\t\t\ttoc.style.width = \"unset\";\r\n\/\/ \t\t\t\t\t\ttoc.setAttribute('style', 'width: ' + tocParent.offsetWidth + 'px !important;');\r\n\t\t\t\t\t}\r\n\t\t\t\t\tif (toc.classList.contains('sticky')){\r\n\t\t\t\t\t\ttoc.style.width = '${tocParent.offsetWidth}px';\r\n\t\t\t\t\t\ttoc.setAttribute('style', 'width: ' + tocParent.offsetWidth + 'px !important;');\r\n\t\t\t\t\t}\r\n\t\t\t\t}\r\n\t\t\t\tif(window.innerWidth < 767){\r\n\t\t\t\t\ttoc.style.width = \"unset\"; \/\/ Reset width\r\n\t\t\t\t}\r\n\t\t\t\ttoc.style.backgroundColor = \"#FFF1F1\";\r\n\t\t\t} else {\r\n\t\t\t  panel.style.height = panel.scrollHeight + \"px\";\r\n\t\t\t  icon.style.transform = \"rotate(0deg)\";\r\n\t\t\t  toc.style.backgroundColor = \"#FFF\";\r\n\t\t\t  tocTitle.textContent = 'Table of Content'; \/\/ Reset title\r\n\t\t\t\ttoc.style.paddingBottom = '24px';\r\n\t\t\t \tif(window.innerWidth < 767){\r\n\t\t\t\t\ttoc.style.width = `${tocParent.offsetWidth}px`; \/\/ Set width to match the parent element\r\n\t\t\t\t\ttoc.setAttribute('style', 'width: ' + tocParent.offsetWidth + 'px !important;');\r\n\t\t\t\t}\r\n\t\t\t}\r\n\t\t  });\r\n\r\n\t\t  \/\/ Close TOC when a link inside it is clicked\r\n\t\t  var tocLinks = document.querySelectorAll(\"#toc .list a\");\r\n\t\t  tocLinks.forEach(function(link) {\r\n\t\t\tlink.addEventListener(\"click\", function() {\r\n\t\t\t  var panel = document.querySelector(\"#toc .list\");\r\n\t\t\t  panel.style.height = '0px'; \/\/ Set height to 0 for full collapse\r\n\t\t\t  icon.style.transform = \"rotate(180deg)\";\r\n\t\t\t  toc.style.backgroundColor = \"#FFF\";\r\n\t\t\t});\r\n\t\t  });\r\n\t\t});\r\n\r\n\r\n\r\n\t\r\n\/\/ \tmake the heading at the center of the viewport\r\n\/\/ \tdocument.addEventListener('DOMContentLoaded', function() {\r\n\/\/     \/\/ Add click event listener to all links in the TOC list\r\n\/\/     document.querySelectorAll('#toc-list a').forEach(anchor => {\r\n\/\/         anchor.addEventListener('click', function (e) {\r\n\/\/             e.preventDefault(); \/\/ Prevent the default behavior of jumping to the anchor\r\n\/\/ \/\/ \t\t\tconsole.log(\"prevent default\");\r\n\/\/             const targetId = this.getAttribute('href').substring(1); \/\/ Get the ID of the target element\r\n\/\/             const targetElement = document.getElementById(targetId); \/\/ Get the target element\r\n\r\n\/\/             if (targetElement) {\r\n\/\/                 const headerHeight = document.querySelector('#toc .header').offsetHeight; \/\/ Get the height of the fixed header\r\n\/\/                 const windowHeight = window.innerHeight; \/\/ Get the height of the viewport\r\n\/\/                 const targetOffset = targetElement.offsetTop; \/\/ Get the top offset of the target element\r\n\/\/                 const scrollTo = targetOffset + (windowHeight \/ 2) + (headerHeight); \/\/ Calculate the scroll position to center the target element\r\n\r\n\/\/                 \/\/ Scroll to the calculated position smoothly\r\n\/\/                 window.scrollTo({\r\n\/\/                     top: scrollTo,\r\n\/\/                     behavior: 'smooth'\r\n\/\/                 });\r\n\/\/             }\r\n\/\/         });\r\n\/\/     });\r\n\/\/ });\r\n<\/script>\r\n\r\n<!-- START script lama -->\r\n<!-- <script>\r\n\/\/ \tvar pilihDaftarIsi = document.getElementById('pilihDaftarIsi');\r\n\t\r\n\/\/ \tdocument.addEventListener('DOMContentLoaded', function() {\r\n\/\/ \t\tvar dropdownFixedTop = document.querySelector('.dropdown-fixed-top');\r\n\r\n\/\/ \t\tdropdownFixedTop.addEventListener('click', function() {\r\n\/\/ \t\t\tvar dropdownContent = this.querySelector('.list_toc');\r\n\/\/ \t\t\tdropdownContent.classList.toggle('show');\r\n\/\/ \t\t});\r\n\r\n\/\/ \t\twindow.addEventListener('click', function(event) {\r\n\/\/ \t\t\tvar listTocTop = document.getElementById('list_toc_top');\r\n\r\n\/\/ \t\t\tif (!dropdownFixedTop.contains(event.target)) {\r\n\/\/ \t\t\t\tlistTocTop.classList.remove('show');\r\n\/\/ \t\t\t}\r\n\/\/ \t\t});\r\n\/\/ \t});\r\n\t\r\n\/\/ \tvar daftarIsiContainer = document.getElementById('toc_group_article');\r\n\/\/ \tvar dropdownFixedTop = document.getElementById('dropdown-fixed-top');\r\n\/\/     var triggered = false; \/\/ Flag to keep track of whether the function has been 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}\r\n<\/script> -->\r\n<!-- <script>\r\n    \/\/ Scrollspy function to highlight the active TOC item based on the scroll position\r\n  function scrollSpy(tocClass) {\r\n    const scrollPosition = window.scrollY;\r\n\r\n    \/\/ Find the active h2 and h3 headings based on their position in the corresponding TOC\r\n    let activeH2 = null;\r\n    let activeH3 = null;\r\n\r\n    const tocItems = document.querySelectorAll(`.${tocClass} li`);\r\n    tocItems.forEach(item => {\r\n      const a = item.querySelector('a');\r\n      if (!a) return;\r\n      const href = a.getAttribute('href');\r\n      const targetId = href.substring(1); \/\/ Remove the '#' from the href to get the target ID\r\n      const targetElement = document.getElementById(targetId);\r\n      if (!targetElement) return;\r\n\r\n      const targetTop = targetElement.getBoundingClientRect().top + scrollPosition;\r\n      const nextItem = item.nextElementSibling;\r\n      const nextTop = nextItem ? nextItem.getBoundingClientRect().top + scrollPosition : Infinity;\r\n\r\n      if (targetTop <= scrollPosition + 150) {\r\n        if (a.parentElement.parentElement === tocItems) {\r\n          \/\/ The h2 heading is at the root level of the TOC\r\n          activeH2 = { id: targetId, level: 'h2' };\r\n        } else {\r\n          \/\/ The h3 heading is nested under an h2 heading\r\n          const parentH2 = a.parentElement.parentElement.previousElementSibling;\r\n          if (parentH2) {\r\n            const h2Link = parentH2.querySelector('a');\r\n            if (h2Link) {\r\n              const h2Href = h2Link.getAttribute('href');\r\n              const h2Id = h2Href.substring(1);\r\n              activeH2 = { id: h2Id, level: 'h2' };\r\n            }\r\n          }\r\n          activeH3 = { id: targetId, level: 'h3' };\r\n        }\r\n      }\r\n\r\n      if (targetTop > scrollPosition + 150 && nextTop > scrollPosition + 150 && !activeH3) {\r\n        \/\/ Reset the activeH2 when there are no more active h3 headings\r\n        activeH2 = null;\r\n      }\r\n    });\r\n\r\n    \/\/ Update the active state for the TOC items\r\n    tocItems.forEach(item => {\r\n      item.classList.remove('active');\r\n      const a = item.querySelector('a');\r\n      if (a) {\r\n        const href = a.getAttribute('href');\r\n        const targetId = href.substring(1);\r\n        if ((activeH2 && activeH2.id === targetId) || (activeH3 && activeH3.id === targetId)) {\r\n          item.classList.add('active');\r\n\t\t  pilihDaftarIsi.innerHTML = a.textContent;\r\n        }\r\n      }\r\n    });\r\n  }\r\n\r\n  \/\/ Call scrollSpy for each TOC on window scroll\r\n  const tocClasses = ['list_toc', 'list_toc_float', 'list_toc_top']; \/\/ Add other TOC class names here if you have more than two instances\r\n  tocClasses.forEach(tocClass => {\r\n    window.addEventListener('scroll', () => scrollSpy(tocClass));\r\n  });\r\n<\/script> -->\r\n<!-- END script lama -->\r\n\t\r\n<script>\r\n    \/\/ Scrollspy function to highlight the active TOC item based on the scroll position\r\n  function scrollSpy(tocClass) {\r\n    const scrollPosition = window.scrollY;\r\n\r\n    \/\/ Find the active h2 and h3 headings based on their position in the corresponding TOC\r\n    let activeH2 = null;\r\n    let activeH3 = null;\r\n\r\n    const tocItems = document.querySelectorAll(`.${tocClass} li`);\r\n    tocItems.forEach(item => {\r\n      const a = item.querySelector('a');\r\n      if (!a) return;\r\n      const href = a.getAttribute('href');\r\n      const targetId = href.substring(1); \/\/ Remove the '#' from the href to get the target ID\r\n      const targetElement = document.getElementById(targetId);\r\n      if (!targetElement) return;\r\n\r\n      const targetTop = targetElement.getBoundingClientRect().top + scrollPosition;\r\n      const nextItem = item.nextElementSibling;\r\n      const nextTop = nextItem ? nextItem.getBoundingClientRect().top + scrollPosition : Infinity;\r\n\r\n      if (targetTop <= scrollPosition + 150) {\r\n        if (a.parentElement.parentElement === tocItems) {\r\n          \/\/ The h2 heading is at the root level of the TOC\r\n          activeH2 = { id: targetId, level: 'h2' };\r\n        } else {\r\n          \/\/ The h3 heading is nested under an h2 heading\r\n          const parentH2 = a.parentElement.parentElement.previousElementSibling;\r\n          if (parentH2) {\r\n            const h2Link = parentH2.querySelector('a');\r\n            if (h2Link) {\r\n              const h2Href = h2Link.getAttribute('href');\r\n              const h2Id = h2Href.substring(1);\r\n              activeH2 = { id: h2Id, level: 'h2' };\r\n            }\r\n          }\r\n          activeH3 = { id: targetId, level: 'h3' };\r\n        }\r\n      }\r\n\r\n      if (targetTop > scrollPosition + 150 && nextTop > scrollPosition + 150 && !activeH3) {\r\n        \/\/ Reset the activeH2 when there are no more active h3 headings\r\n        activeH2 = null;\r\n      }\r\n    });\r\n\r\n    \/\/ Update the active state for the TOC items\r\n    tocItems.forEach(item => {\r\n      item.classList.remove('active');\r\n      const a = item.querySelector('a');\r\n      if (a) {\r\n        const href = a.getAttribute('href');\r\n        const targetId = href.substring(1);\r\n        if ((activeH2 && activeH2.id === targetId) || (activeH3 && activeH3.id === targetId)) {\r\n          item.classList.add('active');\r\n        }\r\n      }\r\n    });\r\n  }\r\n\r\n  \/\/ Call scrollSpy for each TOC on window scroll\r\n  const tocClasses = ['list_toc', 'list_toc_float']; \/\/ Add other TOC class names here if you have more than two instances\r\n  tocClasses.forEach(tocClass => {\r\n    window.addEventListener('scroll', () => scrollSpy(tocClass));\r\n  });\r\n<\/script>\r\n\t\r\n\r\n<!-- ToC List for desktop side bar, diganti jadi inject by php, di code snippet \"Sidebar Accordion\" -->\r\n<!--  <script>\r\n\tdocument.addEventListener(\"DOMContentLoaded\", function() {\r\nToC List for desktop side bar, diganti jadi inject by php, di code snippet \"Sidebar Accordion\"\r\n        Fungsi untuk mengubah teks menjadi format id\r\n        function formatId(text) {\r\n            return text.trim().replace(\/[^\\w\\d]+\/g, '_');\r\n        }\r\n\r\n        \/\/ Fungsi untuk membuat nested list\r\n        function createNestedList(parentNode, children) {\r\n            if (children.length === 0) return;\r\n\r\n            const nestedUl = document.createElement('ul');\r\n            children.forEach(child => {\r\n                const nestedLi = document.createElement('li');\r\n                const nestedA = document.createElement('a');\r\n                nestedA.textContent = child.title;\r\n                nestedA.href = `#${child.id}`;\r\n                nestedLi.appendChild(nestedA);\r\n                nestedUl.appendChild(nestedLi);\r\n\r\n                if 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formatId(element.textContent);\r\n                element.id = id;\r\n                if (headings.length > 0) {\r\n                    headings[headings.length - 1].children.push({ level: 'h3', id: id, title: element.textContent, children: [] });\r\n                }\r\n            }\r\n        });\r\n\r\n        \/\/ Membuat list HTML dari objek headings\r\n        const ul = document.getElementById('list_toc');\r\n        let currentUl = ul;\r\n        headings.forEach(heading => {\r\n            const li = document.createElement('li');\r\n            const a = document.createElement('a');\r\n            a.textContent = heading.title;\r\n            a.href = `#${heading.id}`;\r\n            li.appendChild(a);\r\n\r\n            if (heading.level === 'h2') {\r\n                \/\/ Menyimpan ul saat ini untuk menambahkan nested ul\r\n                currentUl = li;\r\n                ul.appendChild(li);\r\n            } else if (heading.level === 'h3') {\r\n                if (!currentUl.lastElementChild || currentUl.lastElementChild.tagName !== 'UL') {\r\n                    \/\/ Jika belum ada nested ul, buat satu\r\n                    const nestedUl = document.createElement('ul');\r\n                    currentUl.appendChild(nestedUl);\r\n                    currentUl = nestedUl;\r\n                }\r\n                currentUl.appendChild(li);\r\n            }\r\n\r\n            createNestedList(li, heading.children);\r\n        });\r\n\t\tDapatkan elemen ul dengan id 'list_toc_float'\r\nconst ulFloat = document.getElementById('list_toc');\r\nconst ulJourney = document.getElementById('list_journey');\r\n\r\nDapatkan isi (child elements) dari ul dengan id 'list_toc_float'\r\n\tif (ulFloat !== null) {\r\n\t\tconst clonedChildren = ulFloat.cloneNode(true).children;\r\n\t\tconst ulToc = document.getElementById('list_toc_float');\r\n\t\tconst ulTocTop = document.getElementById('list_toc_top');\r\n\t\tif ((ulToc !== null || ulToc !== undefined) && window.innerWidth > 1018){\r\n\t\t\tulToc.append(...clonedChildren);\r\n\t\t} else {\r\n\t\t\tulTocTop.append(...clonedChildren);\r\n\t\t}\r\n\t} \r\n\r\n\tif (ulJourney !== null) {\r\n\t\tconst clonedChildrenJourney = ulJourney.cloneNode(true).children;\r\n\t\tconst ulTocJourney = document.getElementById('list_toc_journey');\r\n\t\tulTocJourney.append(...clonedChildrenJourney);\r\n\t} \r\n\t\r\n        Fungsi untuk mengambil tinggi navbar\r\n        function getNavbarHeight() {\r\n            const navbar = document.getElementById('tdi_34');\r\n            return navbar ? navbar.offsetHeight : 0;\r\n        }\r\n\r\n        \/\/ Fungsi untuk menambahkan offset posisi scroll\r\n        function scrollToElementWithOffset(elementId) {\r\n            const element = document.getElementById(elementId);\r\n            if (element) {\r\n                const offset = getNavbarHeight();\r\n                const elementPosition = element.getBoundingClientRect().top;\r\n                const offsetPosition = elementPosition - offset-40;\r\n\r\n                window.scrollBy({\r\n                    top: offsetPosition,\r\n                    behavior: 'smooth'\r\n                });\r\n            }\r\n        }\r\n\r\n        \/\/ Fungsi untuk menangani klik pada tautan judul\r\n        function handleTitleClick(event) {\r\n            event.preventDefault();\r\n            const href = event.target.getAttribute('href').substr(1);\r\n            scrollToElementWithOffset(href);\r\n        }\r\n\r\n        \/\/ Tambahkan event listener untuk semua tautan judul\r\n        const titleLinks = document.querySelectorAll('a[href^=\"#\"]');\r\n        titleLinks.forEach(link => {\r\n            link.addEventListener('click', handleTitleClick);\r\n        });\r\n\t});\r\n    <\/script> -->\r\n<\/span><\/p>\n<h2><strong>Understanding Inventory Management<\/strong><\/h2>\n<p>I view inventory management as keeping stock under control, from purchasing and receiving through storage, usage, and fulfillment, so I can meet demand without tying up cash in excess inventory. When I manage it well, I can reduce carrying costs, avoid stockouts, and keep customers satisfied.<\/p>\n<p>In practice, it\u2019s the operating rules I rely on to answer four recurring questions:<\/p>\n<ul>\n<li>What items should I stock (and where)?<\/li>\n<li>How much should I hold at any time?<\/li>\n<li>When should replenishment trigger?<\/li>\n<li>How will I maintain and prove stock accuracy?<\/li>\n<\/ul>\n<p>If those answers change depending on who I ask, my inventory becomes fragile\u2014especially across multiple locations and sales channels.<\/p>\n<h2><strong>What are the 4 Main Types of Inventory?<\/strong><\/h2>\n<p>I find it essential to understand the different types of inventory that I need to manage in my business. Each type plays a crucial role in ensuring a smooth and efficient supply chain. Here are the four main types of inventory:<\/p>\n<ul>\n<li><strong><a href=\"https:\/\/www.hashmicro.com\/blog\/raw-materials-inventory-management-guide\/\">Raw materials<\/a>: <\/strong>These are the basic materials that a company uses to produce goods. Managing raw materials efficiently ensures production runs smoothly without interruptions from material shortages.<\/li>\n<li><strong><a href=\"https:\/\/www.hashmicro.com\/blog\/work-in-process-inventory\/\">Work-In-Progress (WIP)<\/a>:<\/strong> These items are in production but have not yet been completed. Effective management of WIP inventory helps track production progress and minimize delays.<\/li>\n<li><strong><a href=\"https:\/\/www.hashmicro.com\/blog\/finished-goods\/\">Finished goods<\/a>: <\/strong>P<span style=\"margin: 0px; padding: 0px;\">roducts that are completed and ready for sale. Proper management of finished goods is crucial to promptly meeting customer demand and maintaining high <\/span>customer satisfaction.<\/li>\n<li><strong>Maintenance, Repair, and Operations (MRO):<\/strong> This includes supplies used in the production process but is not part of the final product, such as maintenance supplies, spare parts, and tools.<\/li>\n<\/ul>\n<h2><strong>Inventory Benchmarks to Set Real Targets<\/strong><\/h2>\n<p>Benchmarks help you avoid guessing. Two numbers that matter early are inventory turnover and carrying cost.<\/p>\n<p><strong>Inventory turnover benchmarks (rule-of-thumb):<\/strong><\/p>\n<ul>\n<li>Many retailers and e-commerce brands target 4\u20138 turns\/year as a healthy range (varies by category and model).<\/li>\n<li>Grocery and fast-moving environments tend to run higher than specialty or luxury categories, so it\u2019s better to benchmark against your closest peers than a universal number.<\/li>\n<\/ul>\n<p><strong>Carrying cost benchmark:\u00a0<\/strong><\/p>\n<p>Carrying costs are often estimated at around 20%\u201330% of the average inventory value per year, including capital costs, storage, shrinkage, insurance, obsolescence, and handling.<\/p>\n<p><strong>Why it matters:<\/strong> if a business holds $500,000 in average inventory and the carrying cost is 25%, that\u2019s $125,000\/year just to <a href=\"https:\/\/www.lokad.com\/definition-inventory-costs\/\" target=\"_blank\" rel=\"noopener\">keep stock on hand<\/a> (before any stockouts or write-offs).<\/p>\n<h2><strong>What are the Benefits of Inventory Management?<\/strong><\/h2>\n<p>By understanding and implementing this system, I\u2019ve experienced numerous advantages that greatly enhance my business operations. Here\u2019s my explanation of why inventory management is so important:<\/p>\n<ol>\n<li>Streamlined processes reduce the time and effort required to manage stock levels, orders, and deliveries.<\/li>\n<li>Avoid overstocking and understocking to reduce storage costs and minimize waste.<\/li>\n<li>A structured stock control system supports compliance with legal and industry regulations.<\/li>\n<li>Improved customer satisfaction and loyalty by ensuring that products are available.<\/li>\n<li>Accurate inventory data provides insights that can inform better business decisions.<\/li>\n<li>Provides a detailed <a href=\"https:\/\/www.hashmicro.com\/blog\/inventory-movement-report\/\">inventory movement report<\/a> to monitor stock movements.<\/li>\n<li><a href=\"https:\/\/www.hashmicro.com\/blog\/understanding-ppic\/\">PPIC meaning<\/a> production planning and inventory control aligns stock with production to meet demand.<\/li>\n<\/ol>\n<h2><strong>Inventory Management Challenges<\/strong><\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-69536 size-full\" src=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/08\/Inventory-Management-Challenges-1.webp\" alt=\"Inventory Management Challenges\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/08\/Inventory-Management-Challenges-1.webp 1200w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/08\/Inventory-Management-Challenges-1-300x169.webp 300w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/08\/Inventory-Management-Challenges-1-1024x576.webp 1024w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/08\/Inventory-Management-Challenges-1-768x432.webp 768w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/08\/Inventory-Management-Challenges-1-747x420.webp 747w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/08\/Inventory-Management-Challenges-1-150x84.webp 150w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/08\/Inventory-Management-Challenges-1-696x392.webp 696w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/08\/Inventory-Management-Challenges-1-1068x601.webp 1068w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>I often face stock control challenges that can affect my business growth and profitability. Effectively addressing these issues while understanding the role of a well-structured system is essential for overcoming them. This includes managing <a href=\"https:\/\/www.hashmicro.com\/blog\/inventory-holding-costs\/\">inventory holding costs<\/a> and other key challenges I commonly encounter:<\/p>\n<ol>\n<li>Achieving accurate inventory counts<\/li>\n<li>Balancing inventory levels<span id=\"methods\"><\/span><\/li>\n<li>Managing multiple sales channels<\/li>\n<li>Fluctuating customer demands and market trends<\/li>\n<li>Ensuring data accuracy and security<\/li>\n<\/ol>\n<h2><strong>Inventory Management Methods<\/strong><\/h2>\n<p>Effective stock control requires me to use different methods that suit my business needs. Each method has its own advantages and can be applied individually or combined for better inventory control. Here are some of the <a href=\"https:\/\/www.hashmicro.com\/blog\/inventory-management-techniques\/\">inventory management methods<\/a> I often use:<\/p>\n<h3><strong>1. ABC Analysis<\/strong><\/h3>\n<p><a href=\"https:\/\/www.hashmicro.com\/blog\/abc-analysis\/\">ABC analysis<\/a> categorizes inventory into three groups based on importance and value:<\/p>\n<ul>\n<li><strong>A items<\/strong> are high-value products with a low frequency of sales.<\/li>\n<li><strong>B items<\/strong> are moderate-value products with a moderate frequency of sales.<\/li>\n<li><strong>C items<\/strong> are low-value products with a high frequency of sales.<\/li>\n<\/ul>\n<p>This method helps businesses prioritize their focus and resources on managing the most critical items, ensuring that high-value products are closely monitored.<\/p>\n<h3><strong>2. Just-In-Time (JIT)<\/strong><\/h3>\n<p><a href=\"https:\/\/www.hashmicro.com\/blog\/the-importance-of-just-in-time-inventory-for-your-business\/\">The Just-In-Time method<\/a> aims to minimize inventory by receiving goods only when needed for production or sales. This approach reduces carrying costs and minimizes waste but requires precise forecasting and strong supplier relationships to avoid stockouts.<\/p>\n<h3><strong>3. Batch Tracking<\/strong><\/h3>\n<p><a href=\"https:\/\/www.hashmicro.com\/blog\/batch-tracking\/\">Batch tracking<\/a> involves monitoring inventory by batch or lot. This method is particularly useful for businesses dealing with perishable goods or products with expiration dates. It helps track each batch&#8217;s production, usage, and remaining shelf life, ensuring product quality and regulatory compliance.<\/p>\n<h3><strong>4. Demand Forecasting<\/strong><\/h3>\n<p><a href=\"https:\/\/www.hashmicro.com\/blog\/demand-forcasting\/\">Demand forecasting<\/a> uses historical data, market trends, and statistical methods to predict future inventory needs. Accurate demand forecasting helps businesses plan their inventory levels, avoid stockouts, and <a href=\"https:\/\/www.hashmicro.com\/blog\/excess-stock\/\">reduce excess inventory<\/a>, ultimately improving customer satisfaction and operational efficiency.<\/p>\n<h3><strong>5. Material Requirements Planning (MRP)<\/strong><\/h3>\n<p><a href=\"https:\/\/www.hashmicro.com\/blog\/what-is-material-requirement-planning-mrp\/\">MRP<\/a> is a system that calculates the materials needed for production and schedules their purchase. It is based on the production schedule and inventory levels, ensuring that materials are available just in time for manufacturing, reducing delays, and optimizing production processes.<\/p>\n<h3><strong>6. FIFO and LIFO<\/strong><\/h3>\n<ul>\n<li><strong><a href=\"https:\/\/www.hashmicro.com\/blog\/fifo-in-warehouse\/\">FIFO<\/a> (First-In, First-Out):<\/strong> This method assumes that the oldest inventory items are used or sold first. It is particularly beneficial for perishable goods, as it ensures that older stock is used before it expires.<\/li>\n<li><strong>LIFO (Last-In, First-Out):<\/strong> This method assumes that the most recently acquired items are used or sold first. While it can be advantageous for certain tax and accounting purposes, it may not suit businesses dealing with perishable products.<span id=\"diff\"><\/span><\/li>\n<\/ul>\n<h3><strong>7. Economic Order Quantity (EOQ)<\/strong><\/h3>\n<p>EOQ is a mathematical formula used to determine the optimal order quantity that minimizes total inventory costs, including ordering and holding costs. By calculating the ideal order size, businesses can reduce carrying costs and ensure that inventory levels are sufficient to meet demand without overstocking.<\/p>\n<h2><strong>How to Implement Inventory Management in 5 Phases<\/strong><\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-72929\" src=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/06\/Excess-Inventory-HashMicro.webp\" alt=\"\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/06\/Excess-Inventory-HashMicro.webp 1200w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/06\/Excess-Inventory-HashMicro-300x169.webp 300w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/06\/Excess-Inventory-HashMicro-1024x576.webp 1024w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/06\/Excess-Inventory-HashMicro-768x432.webp 768w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/06\/Excess-Inventory-HashMicro-747x420.webp 747w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/06\/Excess-Inventory-HashMicro-150x84.webp 150w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/06\/Excess-Inventory-HashMicro-696x392.webp 696w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/06\/Excess-Inventory-HashMicro-1068x601.webp 1068w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>This is the core repositioning: inventory management implementation, not a generic overview.<\/p>\n<h3><strong>Phase 1: Baseline and Map Current Reality (Week 1\u20132)<\/strong><\/h3>\n<p><strong>Goal:<\/strong> establish the truth before optimizing anything.<\/p>\n<p><strong>Deliverables:<\/strong><\/p>\n<ul>\n<li>SKU master cleanup (units, barcodes, pack sizes, categories)<\/li>\n<li>Warehouse\/location mapping (zones, bins, storage rules)<\/li>\n<li>Baseline KPIs: current stock accuracy, stockouts, dead stock %, lead times<\/li>\n<\/ul>\n<p><strong>Success metrics<\/strong><\/p>\n<ul>\n<li>SKU data completeness (e.g., 95%+ core fields filled)<\/li>\n<li>Initial stock accuracy measurement (cycle count sample)<\/li>\n<\/ul>\n<h3><strong>Phase 2: Define Policies and Control Rules (Week 2\u20134)<\/strong><\/h3>\n<p><strong>Goal:<\/strong> decide how inventory will be governed.<\/p>\n<p><strong>Deliverables:<\/strong><\/p>\n<ul>\n<li>Reorder policy per item group (min\/max or reorder point)<\/li>\n<li>Safety stock logic tied to supplier lead time variability<\/li>\n<li>Receiving\/putaway standards and issue\/transfer rules<\/li>\n<li>Counting policy (cycle count schedule + tolerances)<\/li>\n<\/ul>\n<p><strong>Success metrics:<\/strong><\/p>\n<ul>\n<li>Policy coverage (e.g., reorder rules applied to top 80% of revenue SKUs)<\/li>\n<li>Reduction in emergency purchasing\/expediting<\/li>\n<\/ul>\n<h3><strong>Phase 3: Improve Planning and Replenishment (Week 4\u20136)<\/strong><\/h3>\n<p><strong>Goal:<\/strong> align replenishment with demand and constraints.<\/p>\n<p><strong>Deliverables:<\/strong><\/p>\n<ul>\n<li>Demand signal selection (sales history, seasonality, promotions)<\/li>\n<li>Supplier lead time and MOQ documentation<\/li>\n<li>Forecast cadence (weekly\/monthly) + exception review<\/li>\n<\/ul>\n<p><strong>Success metrics:<\/strong><\/p>\n<ul>\n<li>Stockout rate trending down (set a target; many retailers aim to keep it very low)<\/li>\n<li>Service level improvement (fill rate or OTIF)<\/li>\n<\/ul>\n<h3><strong>Phase 4: Execution Discipline (Week 6\u201310)<\/strong><\/h3>\n<p><strong>Goal:<\/strong> make the warehouse process predictable and auditable.<\/p>\n<p><strong>Deliverables:<\/strong><\/p>\n<ul>\n<li>Standard receiving: GRN, QC checks, discrepancy handling<\/li>\n<li>Bin location control + picking rules<\/li>\n<li>Inter-warehouse transfer workflow<\/li>\n<li>Shrinkage and damage handling<\/li>\n<\/ul>\n<p><strong>Success metrics:<\/strong><\/p>\n<ul>\n<li>Faster putaway-to-available time<\/li>\n<li>Higher pick accuracy and fewer fulfillment reversals<\/li>\n<\/ul>\n<h3><strong>Phase 5: Optimize and Scale (Week 10\u2013Ongoing)<\/strong><\/h3>\n<p><strong>Goal:<\/strong> reduce cost, increase speed, and standardize across sites.<\/p>\n<p><strong>Deliverables:<\/strong><\/p>\n<ul>\n<li>SKU segmentation review (ABC)<\/li>\n<li>Dead stock liquidation playbook<\/li>\n<li>Supplier scorecarding<\/li>\n<li>Continuous improvement cadence (monthly KPI reviews)<\/li>\n<\/ul>\n<p><strong>Success metrics:<\/strong><\/p>\n<ul>\n<li>Higher turnover without service loss<\/li>\n<li>Lower carrying costs and reduced write-offs<\/li>\n<\/ul>\n<h2><strong>ROI Framework: How to Quantify Savings Before Investing<\/strong><\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79085\" src=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/10\/Untitled.webp\" alt=\"\" width=\"673\" height=\"581\" srcset=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/10\/Untitled.webp 673w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/10\/Untitled-300x259.webp 300w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/10\/Untitled-487x420.webp 487w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/10\/Untitled-150x129.webp 150w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/10\/Untitled-534x462.webp 534w\" sizes=\"auto, (max-width: 673px) 100vw, 673px\" \/><\/p>\n<p>A simple ROI model focuses on three levers:<\/p>\n<ol>\n<li><strong>Carrying cost reduction:<\/strong> If the carrying cost is 20\u201330% annually, every dollar of inventory removed yields a meaningful annual return.<\/li>\n<li><strong>Stockout reduction:<\/strong> Stockouts have a direct revenue impact and also erode loyalty at scale, especially in omnichannel environments.<\/li>\n<li><strong>Shrinkage and write-off reduction:<\/strong> Better receiving, bin control, and counting lowers \u201cinvisible losses\u201d (damage, expiry, mispicks, theft).<\/li>\n<\/ol>\n<h2><strong>7 Critical Implementation Mistakes That Cost Money<\/strong><\/h2>\n<p>These mistakes don\u2019t look dramatic on day one, but they quietly compound into expediting costs, missed sales, and inventory numbers no one fully trusts. The goal of this section is to surface the implementation blind spots that drain cash, so we can lock in clear rules, clean data, and a process that holds up under real operational pressure.<\/p>\n<ol>\n<li><strong>Automating before mapping the real process:<\/strong>\u00a0 If I digitize receiving, putaway, picking, returns, and adjustments before I align everyone on the actual flow (including exceptions, approvals, and handoffs), I\u2019m not fixing chaos; I\u2019m hard-coding it. The result is predictable: workarounds become \u201cthe process,\u201d data quality drops, and the audit trail no longer reflects what truly happened on the floor.<\/li>\n<li><strong>Setting reorder points without lead-time variability: <\/strong>Reorder points should be based on demand during the lead time plus safety stock, and safety stock should reflect how suppliers behave in practice, not how I want them to behave. When I treat lead time as a single fixed number, replenishment triggers at the wrong moments, which forces expensive expediting or creates avoidable stockouts.<\/li>\n<li><strong>Ignoring seasonality and promo spikes: <\/strong> Demand doesn\u2019t move in a straight line, especially when seasonality and campaigns create sharp peaks and troughs across channels. If I place purchase orders without a demand calendar and a clear uplift plan (what drives the spike, for which SKUs, in which channels), I\u2019ll either carry surplus into slow months or run dry exactly when the business needs stock the most.<\/li>\n<li><strong>Treating cycle counts as \u201coptional\u201d: <\/strong> Accuracy decays quietly unless I run a disciplined counting routine with clear frequency, tolerance limits, and a root-cause workflow when variances appear. Once cycle counts get deprioritized, shrinkage and transaction errors pile up until procurement, fulfillment, and finance start working off different versions of \u201cthe truth.\u201d<\/li>\n<li><strong>No owner for SKU master data: <\/strong> Item master data needs ownership because one wrong detail, UOM conversion, pack size, barcode, lead time, or storage attribute, spreads downstream into purchasing, picking, valuation, and reporting. Without governance, duplicates and inconsistent setups proliferate, and I end up making decisions based on reports that look clean but are built on flawed foundations.<\/li>\n<li><strong>No rules for substitutions and bundles: <\/strong> Substitutions and bundles only work when there are explicit rules for consumption logic (kit\/BOM behavior), approved substitutes, and how cost and revenue mapping should follow the physical movement of goods. If those rules are missing, orders may still \u201ccomplete,\u201d but inventory quietly breaks, creating phantom availability, messy reconciliation, and distorted margins that surface late.<\/li>\n<li><strong>Letting dead stock stay invisible:<\/strong>\u00a0 Dead stock must be visible and measurable through ageing (days-on-hand, last movement, obsolescence risk) and paired with predefined actions such as redeploy, RTV, liquidation, or write-down. If I don\u2019t intentionally track slow movers, they become long-term cash traps that keep adding carrying, handling, and obsolescence costs month after month.<\/li>\n<\/ol>\n<h2><strong>How Is Inventory Management Different from Other Processes?<\/strong><\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-69537\" src=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/08\/How-Is-Inventory-Management-Different-from-Other-Processes-1.webp\" alt=\"How Is Inventory Management Different from Other Processes\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/08\/How-Is-Inventory-Management-Different-from-Other-Processes-1.webp 1200w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/08\/How-Is-Inventory-Management-Different-from-Other-Processes-1-300x169.webp 300w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/08\/How-Is-Inventory-Management-Different-from-Other-Processes-1-1024x576.webp 1024w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/08\/How-Is-Inventory-Management-Different-from-Other-Processes-1-768x432.webp 768w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/08\/How-Is-Inventory-Management-Different-from-Other-Processes-1-747x420.webp 747w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/08\/How-Is-Inventory-Management-Different-from-Other-Processes-1-150x84.webp 150w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/08\/How-Is-Inventory-Management-Different-from-Other-Processes-1-696x392.webp 696w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/08\/How-Is-Inventory-Management-Different-from-Other-Processes-1-1068x601.webp 1068w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>I\u2019ve noticed that stock management is often confused with other related processes. Understanding these differences is essential for me to optimize overall efficiency. Let\u2019s explore why inventory management is important and how it differs from other processes I handle:<\/p>\n<h3><strong>1. Inventory Management vs. Inventory Control<\/strong><\/h3>\n<table>\n<tbody>\n<tr>\n<td style=\"background-color: #990000; color: #ffffff; padding: 5px; text-align: center;\"><b>Inventory Management<\/b><\/td>\n<td style=\"background-color: #990000; color: #ffffff; padding: 5px; text-align: center;\"><b>Inventory Control<\/b><\/td>\n<\/tr>\n<tr>\n<td>\n<ul>\n<li>Inventory control oversees the flow of goods from ordering to selling, ensuring stock levels and availability.<\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li>A subset of inventory control focuses specifically on regulating stock within the warehouse, maintaining the right amount of each item to prevent excess or shortages.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><strong>2. Inventory Management vs. Inventory Optimization<\/strong><\/h3>\n<table>\n<tbody>\n<tr>\n<td style=\"background-color: #990000; color: #ffffff; padding: 5px; text-align: center;\"><b>Inventory Management<\/b><\/td>\n<td style=\"background-color: #990000; color: #ffffff; padding: 5px; text-align: center;\"><b>Inventory Optimization<\/b><\/td>\n<\/tr>\n<tr>\n<td>\n<ul>\n<li>Inventory covers the overall handling of inventory, including ordering, storing, and using it.<\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li>Inventory optimization aims to minimize costs and maximize service levels by strategically managing stock placement and movement, ensuring the right amount of inventory is available at the right time.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><strong>3. Inventory Management vs. Order Management<\/strong><\/h3>\n<table>\n<tbody>\n<tr>\n<td style=\"background-color: #990000; color: #ffffff; padding: 5px; text-align: center;\"><b>Inventory Management<\/b><\/td>\n<td style=\"background-color: #990000; color: #ffffff; padding: 5px; text-align: center;\"><b>Order Management<\/b><\/td>\n<\/tr>\n<tr>\n<td>\n<ul>\n<li>Stock management tracks stock levels and locations within warehouses, ensuring accurate records.<\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li>Order management deals with receiving, tracking, and fulfilling customer orders, ensuring orders are processed and delivered accurately and on time.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><strong>4. Inventory Management vs. Warehouse Management<\/strong><\/h3>\n<table>\n<tbody>\n<tr>\n<td style=\"background-color: #990000; color: #ffffff; padding: 5px; text-align: center;\"><b>Inventory Management<\/b><\/td>\n<td style=\"background-color: #990000; color: #ffffff; padding: 5px; text-align: center;\"><b>Warehouse Management<\/b><\/td>\n<\/tr>\n<tr>\n<td>\n<ul>\n<li>The inventory covers broader aspects, managing stock levels and movements across multiple warehouses and locations.<\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li>Warehouse management focuses on organizing and controlling inventory within a specific warehouse, optimizing space utilization, order picking, and shipping processes.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><strong>5. Inventory Management vs. Logistics<\/strong><\/h3>\n<table>\n<tbody>\n<tr>\n<td style=\"background-color: #990000; color: #ffffff; padding: 5px; text-align: center;\"><b>Inventory Management<\/b><\/td>\n<td style=\"background-color: #990000; color: #ffffff; padding: 5px; text-align: center;\"><b>Logistics<\/b><\/td>\n<\/tr>\n<tr>\n<td>\n<ul>\n<li>Inventory control, a crucial part of overall logistics, specifically focuses on maintaining optimal stock levels and ensuring product availability.<\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li>Logistics involves managing the movement of goods, services, and information throughout the supply chain, including transportation and warehousing.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><strong>6. Inventory Management vs. ERP<\/strong><\/h3>\n<table>\n<tbody>\n<tr>\n<td style=\"background-color: #990000; color: #ffffff; padding: 5px; text-align: center;\"><b>Inventory Management<\/b><\/td>\n<td style=\"background-color: #990000; color: #ffffff; padding: 5px; text-align: center;\"><b>ERP<\/b><\/td>\n<\/tr>\n<tr>\n<td>\n<ul>\n<li>Inventory within ERP systems provides real-time visibility and control over stock levels, while ERP covers broader functions like finance, human resources, and CRM.<\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li>ERP systems integrate various business processes, including stock management, to streamline operations and improve efficiency.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><strong>Maximize Efficiency &amp; Accuracy with Inventory Solution<\/strong><\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-79098\" src=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/10\/inventory-.webp\" alt=\"\" width=\"1436\" height=\"728\" srcset=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/10\/inventory-.webp 1436w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/10\/inventory--300x152.webp 300w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/10\/inventory--1024x519.webp 1024w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/10\/inventory--768x389.webp 768w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/10\/inventory--828x420.webp 828w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/10\/inventory--150x76.webp 150w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/10\/inventory--696x353.webp 696w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/10\/inventory--1068x541.webp 1068w\" sizes=\"auto, (max-width: 1436px) 100vw, 1436px\" \/><\/p>\n<p>Effective inventory management is crucial for my business\u2019s operational success. With <a href=\"https:\/\/www.hashmicro.com\/inventory\">HashMicro\u2019s Inventory Management Software<\/a>, I can streamline processes, automate tracking, and gain real-time visibility, ensuring precise stock control and optimal resource management.<\/p>\n<p>To make informed decisions, I took advantage of HashMicro\u2019s <a href=\"https:\/\/www.hashmicro.com\/free-product-tour\/\">free consultation<\/a>, which helped me explore the system\u2019s full capabilities. Trusted by leading enterprises like McDonald&#8217;s, Forbes, and Brinks, HashMicro has proven to be a reliable solution tailored to diverse industry needs.<\/p>\n<p>Moreover, I can benefit from up to 70% funding support through the <a href=\"https:\/\/www.hashmicro.com\/ctc-grants\">CTC Grant<\/a>, making it easier to implement a system that perfectly aligns with my operational requirements.<\/p>\n<p><strong>Features:<\/strong><\/p>\n<ol>\n<li><span data-start=\"815\" data-end=\"836\"><strong>S<\/strong><\/span><strong data-start=\"815\" data-end=\"836\">tock Forecasting<\/strong> \u2013 Leverage historical data to accurately predict demand and optimize inventory levels.<\/li>\n<li><strong data-start=\"928\" data-end=\"947\">RFID Automation<\/strong> \u2013 Enhance stock tracking precision with automated in\/out recording.<\/li>\n<li><strong data-start=\"1020\" data-end=\"1054\">Inventory Performance Analysis<\/strong> \u2013 Identify fast- and slow-moving items to refine purchasing strategies.<\/li>\n<li><span data-start=\"1131\" data-end=\"1164\">\u00a0<\/span><strong data-start=\"1131\" data-end=\"1164\">Barcode &amp; QR Code Integration<\/strong> \u2013 Improve inventory accuracy with seamless scanning technology. The system integrates with <a href=\"https:\/\/www.hashmicro.com\/barcode-inventory-system\">barcode and QR code technology<\/a>, streamlining inventory tracking and management.<\/li>\n<li><strong data-start=\"1233\" data-end=\"1272\">Multi-Location Inventory Management<\/strong> \u2013 Monitor and manage stock across different locations with ease.<\/li>\n<li><strong data-start=\"1342\" data-end=\"1379\">Comprehensive Real-Time Reporting<\/strong> \u2013 Access detailed inventory insights for data-driven decision-making. Additionally, the <a href=\"https:\/\/www.hashmicro.com\/blog\/inventory-aging-report\/\">inventory aging report<\/a> provides insights into the age of your stock, helping you identify slow-moving items and prioritize the sale of older inventory before it becomes obsolete.<\/li>\n<\/ol>\n<p><em class=\"review-quote\">&#8220;Inventory management is more than tracking stock; it drives cash flow, efficiency, and customer satisfaction. With automation, businesses gain visibility and make smarter, data-driven decisions.&#8221;<\/em><\/p>\n<p>\u2014<strong> Angela Tan<\/strong>, Regional Manager<\/p>\n<p>Ready to see how HashMicro can fit into your budget? Click the banner below to explore our pricing schemes and discover the best plan for your business needs.<\/p>\n<style>\r\n.cta-in-article-image .desktop-banner{\r\n    display: none;\r\n    text-align: center;\r\n}\r\n.cta-in-article-image .desktop-mobile{\r\n    display: block;\r\n    text-align: center;\r\n    width: 100%;\r\n}\r\n@media (min-width: 650px) {\r\n    .cta-in-article-image .desktop-banner {\r\n        display: block!important;\r\n    }\r\n}\r\n@media (min-width: 650px) {\r\n   .cta-in-article-image .desktop-mobile {\r\n        display: none!important;\r\n    }\r\n}\r\n<\/style>\r\n<div class=\"cta-in-article-image\">\r\n\t<a href=\"https:\/\/www.hashmicro.com\/grants?utm_source=blog&medium=banner-article\" target=\"_blank\" rel=\"noopener\">\r\n\t\t<div id=\"desktop-banner-container\">\r\n\t\t\t<div class=\"desktop-banner\">\r\n<!-- \tnew CTC Grants Banner\t\t -->\r\n\t\t\t\t<img decoding=\"async\" width='696' height='189' src=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/07\/CTC-Grants-scaled.webp\" alt=\"download skema harga software erp\">\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t\t<div id=\"mobile-banner-container\">\r\n\t\t\t<div class=\"desktop-mobile\">\r\n\t\t\t\t<img decoding=\"async\" width='450' height='497' src=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2023\/11\/EDG-Banner-Mobile.png.webp\" alt=\"download skema harga software erp\">\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t<\/a>\r\n<\/div>\r\n\r\n\r\n\n<div id=\"toc_container\">\n<h2><strong>Conclusion\u00a0<\/strong><\/h2>\n<p>Maintaining control over inventory is crucial for optimizing the supply chain, reducing costs, and ensuring timely delivery. Implementing a <a href=\"https:\/\/www.hashmicro.com\/blog\/cloud-based-inventory\/\">cloud-based <\/a>system enhances control by providing real-time stock visibility, preventing stockouts, overstock, and lost sales.<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.hashmicro.com\/inventory\">The best Inventory Management Software<\/a> provides me with a comprehensive solution through real-time tracking, automated reordering, and detailed analytics. With this system, I can maintain optimal inventory levels, prevent stock discrepancies, and streamline my daily operations.<\/p>\n<p>I\u2019ve experienced firsthand how efficient inventory control can transform my business. That\u2019s why I signed up for a <a href=\"https:\/\/www.hashmicro.com\/free-product-tour\">free consultation<\/a>\u00a0to explore how HashMicro\u2019s software can optimize my inventory processes and drive sustainable growth.<\/p>\n<div id=\"toc_container\">\n<a href=\"https:\/\/www.hashmicro.com\/inventory?medium=moneysite-banner\" target=\"_blank\"><img decoding=\"async\" loading=\"lazy\" width=\"712\" src=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/06\/Inventory.webp\" alt=\"Inventory Management\"><\/a>\n<h2><strong>Frequently Asked Questions<\/strong><\/h2>\n<ul class=\"bottom_faq\">\n<li>\n<details>\n<summary><strong>What makes a good inventory manager?<\/strong><\/summary>\n<p>Accurate data recording. Inventory managers must accurately record all stock details, including quantities, quality, style, type, and other relevant information. This ensures precise inventory tracking.<\/p>\n<\/details>\n<\/li>\n<li>\n<details>\n<summary><strong>How can we manage inventory?<\/strong><\/summary>\n<p>How to manage inventory:<br \/>\n1. Implement inventory management software<br \/>\n2. Regular audits and stock counts<br \/>\n3. Set reorder points<br \/>\n4. Use FIFO method<br \/>\n5. Categorize inventory<br \/>\n6. Forecast demand<br \/>\n7. Optimize storage<br \/>\n8. Supplier management<\/p>\n<\/details>\n<\/li>\n<li>\n<details>\n<summary><strong>What is the goal of inventory management?<\/strong><\/summary>\n<p>The goal of inventory management is to maintain optimal stock levels to meet customer demand without overstocking or understocking. This ensures efficient operations, minimizes costs and maximizes profitability.<\/p>\n<\/details>\n<\/li>\n<\/ul>\n<\/div>\n<p><script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [{\n    \"@type\": \"Question\",\n    \"name\": \"What makes a good inventory manager?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"Accurate data recording. Inventory managers must accurately record all stock details, including quantities, quality, style, type, and other relevant information. This ensures precise inventory tracking.\"\n    }\n  },{\n    \"@type\": \"Question\",\n    \"name\": \"How can we manage inventory?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"How to manage inventory:\n1. Implement inventory management software\n2. Regular audits and stock counts\n3. Set reorder points\n4. Use FIFO method\n5. Categorize inventory\n6. Forecast demand\n7. Optimize storage\n8. Supplier management\"\n    }\n  },{\n    \"@type\": \"Question\",\n    \"name\": \"What is the goal of inventory management?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"The goal of inventory management is to maintain optimal stock levels to meet customer demand without overstocking or understocking. This ensures efficient operations, minimizes costs and maximizes profitability.\"\n    }\n  }]\n}\n<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As a business professional, I\u2019ve seen how inventory management is essential for smooth operations. It involves controlling the ordering, storage, and usage of inventory to meet demand efficiently without overstocking. Companies using optimized inventory systems often achieve up to a 30% improvement in order fulfillment, minimizing delays and boosting customer satisfaction. With the right tools, [&hellip;]<\/p>\n","protected":false},"author":153,"featured_media":68004,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[88],"tags":[46,47,103,104],"class_list":{"0":"post-658","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-inventory","8":"tag-inventory-management-software","9":"tag-inventory-management-system","10":"tag-inventory-software","11":"tag-warehouse-inventory-management-system"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Inventory Management: Definition, How It Works &amp; Example (2026)<\/title>\n<meta name=\"description\" content=\"Inventory management\u00a0is the process of overseeing and controlling the ordering, storage, and use of a company&#039;s inventory.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hashmicro.com\/blog\/inventory-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inventory Management: Definition, How It Works &amp; Example (2026)\" \/>\n<meta property=\"og:description\" content=\"Inventory management\u00a0is the process of overseeing and controlling the ordering, storage, and use of a company&#039;s inventory.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.hashmicro.com\/blog\/inventory-management\/\" \/>\n<meta property=\"og:site_name\" content=\"BusinessTech\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/web.facebook.com\/hashmicro\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-04T15:55:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-30T08:43:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/08\/blog_inventory-management.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"650\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Chandra Natsir\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@hashmicro\" \/>\n<meta name=\"twitter:site\" content=\"@hashmicro\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Chandra Natsir\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"14 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.hashmicro.com\/blog\/inventory-management\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.hashmicro.com\/blog\/inventory-management\/\"},\"author\":{\"name\":\"Chandra Natsir\",\"@id\":\"https:\/\/www.hashmicro.com\/blog\/#\/schema\/person\/f17501aef487b92b4ffc58a7ef7ab97b\"},\"headline\":\"Inventory Management: Definition, How It Works &#038; 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